Today we will analyze the stock CHENG FWA INDUSTRI TWD10 (5426.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in CHENG FWA INDUSTRI TWD10 (5426.TWO)
1- Last bullish trend was from 12.60 $ (9/13/2013) to 16.50 $ (3/3/2014) a 3.90 $ move 2- The current bearish trend started from 16.50 $ at 3/3/2014 and is currently trading at 15.25 $.
3- 5426.TWO current support level is at 15.01 which is the 38.20 % fibonacci retracement of the last 3.90 $ move.
4- 5426.TWO current resistance level is at 15.58 which is the 23.60 % fibonacci retracement of the last 3.90 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
CHENG FWA INDUSTRI TWD10 (5426.TWO) Short term stock chart patterns for internet stock trading :

None.
CHENG FWA INDUSTRI TWD10 (5426.TWO) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 12.600 and 11.380, and is currently supporting at 13.281.
CHENG FWA INDUSTRI TWD10 (5426.TWO) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 8.280 $ height triangle which was broken up at 12.560 in higher than usual volume, target of the pattern is 20.840.

Stock Trading Conclusion:
CHENG FWA INDUSTRI TWD10 (5426.TWO) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 15.55, 15.58, 15.73, 15.88, 16.02, 16.50, 20.84.
Stock Support levels : 15.01, 14.55, 14.09, 13.28, 12.60, 11.54, 10.19,.