Today we will analyze the stock CONCORD SECURITIES TWD10 (6016.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in CONCORD SECURITIES TWD10 (6016.TWO)
1- Last bearish trend was from 9.27 $ (1/9/2014) to 8.21 $ (2/17/2014) a 1.06 $ move 2- The current bullish trend started from 8.21 $ at 2/17/2014 and is currently trading at 8.51 $.
3- 6016.TWO current support level is at 8.46 which is the 23.60 % fibonacci retracement of the last 1.06 $ move.
4- 6016.TWO current resistance level is at 8.61 which is the 38.20 % fibonacci retracement of the last 1.06 $ 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.
CONCORD SECURITIES TWD10 (6016.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 8.210 and 7.340,resistance between 9.270 and 8.110, the stock channel is currently supported from below by 8.424 and resisted from above by 9.966.
CONCORD SECURITIES TWD10 (6016.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 8.210 and 7.340,resistance between 9.270 and 8.110, the stock channel is currently supported from below by 8.424 and resisted from above by 9.966.
CONCORD SECURITIES TWD10 (6016.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 7.340 and 6.960, and is currently supporting at 7.784.

Stock Trading Conclusion:
CONCORD SECURITIES TWD10 (6016.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 : 8.61, 8.74, 8.87, 9.27, 9.56, 9.93.
Stock Support levels : 8.46, 8.44, 8.40, 8.36, 8.32, 8.21,.