Today we will analyze the stock DAHAN DEVELOPMENT TWD10 (5530.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in DAHAN DEVELOPMENT TWD10 (5530.TWO)
1- Last bullish trend was from 82.20 $ (1/20/2014) to 87.30 $ (2/20/2014) a 5.10 $ move 2- The current bearish trend started from 87.30 $ at 2/20/2014 and is currently trading at 83.60 $.
3- 5530.TWO current support level is at 82.20 which is the 100.00 % fibonacci retracement of the last 5.10 $ move.
4- 5530.TWO current resistance level is at 84.15 which is the 61.80 % fibonacci retracement of the last 5.10 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
DAHAN DEVELOPMENT TWD10 (5530.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 87.300 .
7- The Stock formed a 9.200 $ height triangle which was broken down at 86.000, target of the pattern is 76.800.
DAHAN DEVELOPMENT TWD10 (5530.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 78.100 .
9- The Stock formed a 16.100 $ height triangle which was broken up at 83.100 in higher than usual volume, target of the pattern is 99.200.
DAHAN DEVELOPMENT TWD10 (5530.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
DAHAN DEVELOPMENT TWD10 (5530.TWO) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 84.15, 84.47, 84.75, 85.01, 85.35, 85.45, 85.89, 86.10, 87.30, 87.94, 99.20.
Stock Support levels : 82.20, 80.81, 79.05, 77.83, 76.80,.