Today we will analyze the stock GENESYS LOGIC TWD10 (6104.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in GENESYS LOGIC TWD10 (6104.TWO)
1- Last bearish trend was from 23.60 $ (2/7/2014) to 22.35 $ (2/10/2014) a 1.25 $ move 2- The current bullish trend started from 22.35 $ at 2/10/2014 and is currently trading at 24.25 $.
3- 6104.TWO current support level is at 23.94 which is the 127.20 % fibonacci retracement of the last 1.25 $ move.
4- 6104.TWO current resistance level is at 24.37 which is the 161.80 % 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.
GENESYS LOGIC TWD10 (6104.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 23.600 and 25.950 that was broken up at 22.800 transforming into a supporting line.
GENESYS LOGIC TWD10 (6104.TWO) Mid term stock chart patterns for internet stock trading :

None.
GENESYS LOGIC TWD10 (6104.TWO) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 22.350 and 14.600, and is currently supporting at 23.490.

Stock Trading Conclusion:
GENESYS LOGIC TWD10 (6104.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 : 24.37.
Stock Support levels : 23.94, 23.80, 23.60, 23.52, 23.49, 23.30, 23.12, 23.08, 22.98, 22.83, 22.65, 22.35,.