Today we will analyze the stock POYA CO LTD TWD10 (5904.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in POYA CO LTD TWD10 (5904.TWO)
1- Last bullish trend was from 180.50 $ (2/25/2014) to 203.00 $ (3/6/2014) a 22.50 $ move 2- The current bearish trend started from 203.00 $ at 3/6/2014 and is currently trading at 193.00 $.
3- 5904.TWO current support level is at 191.75 which is the 50.00 % fibonacci retracement of the last 22.50 $ move.
4- 5904.TWO current resistance level is at 194.40 which is the 38.20 % fibonacci retracement of the last 22.50 $ 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.
POYA CO LTD TWD10 (5904.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 180.500 .
POYA CO LTD TWD10 (5904.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 180.500 .
8- The Stock formed a 14.000 $ height triangle which was broken up at 194.000 in higher than usual volume, target of the pattern is 208.000.
POYA CO LTD TWD10 (5904.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
POYA CO LTD TWD10 (5904.TWO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 194.40, 195.36, 196.82, 197.69, 198.00, 199.18, 203.00, 208.00.
Stock Support levels : 191.75, 191.59, 189.10, 180.50, 179.88, 179.69, 174.38,.