Today we will analyze the stock XAC AUTOMATION COR TWD10 (5490.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in XAC AUTOMATION COR TWD10 (5490.TWO)
1- Last bullish trend was from 53.50 $ (3/4/2014) to 56.00 $ (3/5/2014) a 2.50 $ move 2- The current bearish trend started from 56.00 $ at 3/5/2014 and is currently trading at 53.90 $.
3- 5490.TWO current support level is at 53.50 which is the 100.00 % fibonacci retracement of the last 2.50 $ move.
4- 5490.TWO current resistance level is at 54.46 which is the 61.80 % fibonacci retracement of the last 2.50 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
XAC AUTOMATION COR TWD10 (5490.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 5.300 $ height triangle which was broken down at 53.900, target of the pattern is 48.600.
XAC AUTOMATION COR TWD10 (5490.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 19.100 $ height triangle which was broken down at 55.200, target of the pattern is 36.100.
XAC AUTOMATION COR TWD10 (5490.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 52.100 and 36.500 that was broken down at 55.200 transforming into a resistance line.

Stock Trading Conclusion:
XAC AUTOMATION COR TWD10 (5490.TWO) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 53.93, 54.40, 54.46, 54.70, 54.75, 54.95, 55.04, 55.20, 55.41, 55.95, 56.00, 56.12.
Stock Support levels : 53.50, 52.82, 51.96, 48.60,.