Today we will analyze the stock HOTEL ROYAL CHIHPE TWD10 (5704.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in HOTEL ROYAL CHIHPE TWD10 (5704.TWO)
1- Last bullish trend was from 20.15 $ (11/21/2013) to 21.75 $ (1/9/2014) a 1.60 $ move 2- The current bearish trend started from 21.75 $ at 1/9/2014 and is currently trading at 21.20 $.
3- 5704.TWO current support level is at 21.14 which is the 38.20 % fibonacci retracement of the last 1.60 $ move.
4- 5704.TWO current resistance level is at 21.37 which is the 23.60 % fibonacci retracement of the last 1.60 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
HOTEL ROYAL CHIHPE TWD10 (5704.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 21.750 and 22.200, and is currently resisting at 21.484.
HOTEL ROYAL CHIHPE TWD10 (5704.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 22.200 and 24.760 that was broken up at 20.800 transforming into a supporting line.
HOTEL ROYAL CHIHPE TWD10 (5704.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
HOTEL ROYAL CHIHPE TWD10 (5704.TWO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 21.33, 21.37, 21.41, 21.48, 21.48, 21.54, 21.75,.
Stock Support levels : 21.14, 20.95, 20.76, 20.15, 19.71, 19.16,.