Today we will analyze the stock DIMERCO EXPRESS TA TWD10 (5609.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in DIMERCO EXPRESS TA TWD10 (5609.TWO)
1- Last bearish trend was from 21.05 $ (1/7/2014) to 19.80 $ (2/4/2014) a 1.25 $ move 2- The current bullish trend started from 19.80 $ at 2/4/2014 and is currently trading at 20.00 $.
3- 5609.TWO current support level is at 19.80 which is the 0.00 % fibonacci retracement of the last 1.25 $ move.
4- 5609.TWO current resistance level is at 20.09 which is the 23.60 % fibonacci retracement of the last 1.25 $ 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.
DIMERCO EXPRESS TA TWD10 (5609.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 21.050 .
DIMERCO EXPRESS TA TWD10 (5609.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 16.080 .
DIMERCO EXPRESS TA TWD10 (5609.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 16.010 and 15.910, and is currently supporting at 16.068.

Stock Trading Conclusion:
DIMERCO EXPRESS TA TWD10 (5609.TWO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 20.09, 20.28, 20.42, 20.57, 20.71, 20.79, 20.87, 21.05, 21.39, 21.82.
Stock Support levels : 19.95, 19.92, 19.90, 19.88, 19.80, 16.68,.