Today we will analyze the stock EVERGREEN CONSTRUC TWD10 (5506.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in EVERGREEN CONSTRUC TWD10 (5506.TWO)
1- Last bullish trend was from 7.47 $ (12/19/2013) to 7.75 $ (12/25/2013) a 0.28 $ move 2- The current bearish trend started from 7.75 $ at 12/25/2013 and is currently trading at 7.39 $.
3- 5506.TWO current support level is at 7.30 which is the 161.80 % fibonacci retracement of the last 0.28 $ move.
4- 5506.TWO current resistance level is at 7.39 which is the 127.20 % fibonacci retracement of the last 0.28 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
EVERGREEN CONSTRUC TWD10 (5506.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 7.750 and 7.820 that was broken up at 7.390 transforming into a supporting line.
EVERGREEN CONSTRUC TWD10 (5506.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 9.480 and 9.730, and is currently resisting at 8.667.
EVERGREEN CONSTRUC TWD10 (5506.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.560 $ height triangle which was broken down at 8.650 in higher than usual volume, target of the pattern is 6.090.

Stock Trading Conclusion:
EVERGREEN CONSTRUC TWD10 (5506.TWO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 7.39, 7.47, 7.47, 7.53, 7.57, 7.58, 7.61, 7.61, 7.64, 7.68, 7.75, 8.67, 9.45.
Stock Support levels : 7.38, 7.30,.