Today we will analyze the stock GLOTECH INDUSTRIAL TWD10 (5475.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in GLOTECH INDUSTRIAL TWD10 (5475.TWO)
1- Last bearish trend was from 8.80 $ (2/28/2014) to 8.30 $ (3/4/2014) a 0.50 $ move 2- The current bullish trend started from 8.30 $ at 3/4/2014 and is currently trading at 8.42 $.
3- 5475.TWO current support level is at 8.42 which is the 23.60 % fibonacci retracement of the last 0.50 $ move.
4- 5475.TWO current resistance level is at 8.49 which is the 38.20 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
GLOTECH INDUSTRIAL TWD10 (5475.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 8.300 and 6.580 that was broken down at 8.500 transforming into a resistance line.
GLOTECH INDUSTRIAL TWD10 (5475.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 3.010 $ height triangle which was broken up at 6.950 in higher than usual volume, target of the pattern is 9.960.
GLOTECH INDUSTRIAL TWD10 (5475.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 9.290 and 10.200 that was broken up at 6.720 transforming into a supporting line.

Stock Trading Conclusion:
GLOTECH INDUSTRIAL TWD10 (5475.TWO) was trading in a strong bullish 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 : 8.49, 8.55, 8.61, 8.66, 8.80, 8.94, 9.11, 9.96.
Stock Support levels : 8.42, 8.39, 8.37, 8.36, 8.35, 8.30, 6.60,.