Today we will analyze the stock TAIWAN ALLIED CONT TWD10 (5601.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TAIWAN ALLIED CONT TWD10 (5601.TWO)
1- Last bullish trend was from 28.50 $ (2/26/2014) to 30.65 $ (3/4/2014) a 2.15 $ move 2- The current bearish trend started from 30.65 $ at 3/4/2014 and is currently trading at 28.80 $.
3- 5601.TWO current support level is at 28.50 which is the 100.00 % fibonacci retracement of the last 2.15 $ move.
4- 5601.TWO current resistance level is at 29.32 which is the 61.80 % fibonacci retracement of the last 2.15 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
TAIWAN ALLIED CONT TWD10 (5601.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 28.500 and 27.800 that was broken down at 28.800 transforming into a resistance line.
TAIWAN ALLIED CONT TWD10 (5601.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 27.700 and 26.600 that was broken down at 28.550 transforming into a resistance line.
TAIWAN ALLIED CONT TWD10 (5601.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 36.170 .

Stock Trading Conclusion:
TAIWAN ALLIED CONT TWD10 (5601.TWO) was trading in a bearish wave, which is becoming stronger .
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 : 28.97, 29.24, 29.32, 29.40, 29.51, 29.58, 29.72, 29.74, 29.83, 29.94, 30.14, 30.65, 35.89.
Stock Support levels : 28.50, 27.92, 27.80, 27.77,.