Today we will analyze the stock THE LANDIS TAIPEI TWD10 (5703.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in THE LANDIS TAIPEI TWD10 (5703.TWO)
1- Last bullish trend was from 22.70 $ (2/5/2014) to 23.45 $ (2/11/2014) a 0.75 $ move 2- The current bearish trend started from 23.45 $ at 2/11/2014 and is currently trading at 22.25 $.
3- 5703.TWO current support level is at 22.24 which is the 161.80 % fibonacci retracement of the last 0.75 $ move.
4- 5703.TWO current resistance level is at 22.50 which is the 127.20 % fibonacci retracement of the last 0.75 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
THE LANDIS TAIPEI TWD10 (5703.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 23.450 .
7- The Stock formed a 1.000 $ height triangle which was broken down at 22.600 in higher than usual volume, target of the pattern is 21.600.
THE LANDIS TAIPEI TWD10 (5703.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 24.740 .
THE LANDIS TAIPEI TWD10 (5703.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 20.950 and 20.360, and is currently supporting at 22.141.

Stock Trading Conclusion:
THE LANDIS TAIPEI TWD10 (5703.TWO) was trading in a bearish 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 : 22.50, 22.53, 22.70, 22.71, 22.84, 22.85, 22.99, 22.99, 23.08, 23.16, 23.27, 23.39, 23.42, 23.45, 23.50, 24.74.
Stock Support levels : 22.24, 22.14,.