Today we will analyze the stock SIMPLO TECHNOLOGY TWD10 (6121.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in SIMPLO TECHNOLOGY TWD10 (6121.TWO)
1- Last bearish trend was from 145.00 $ (1/16/2014) to 132.00 $ (2/11/2014) a 13.00 $ move 2- The current bullish trend started from 132.00 $ at 2/11/2014 and is currently trading at 133.50 $.
3- 6121.TWO current support level is at 132.00 which is the 0.00 % fibonacci retracement of the last 13.00 $ move.
4- 6121.TWO current resistance level is at 135.07 which is the 23.60 % fibonacci retracement of the last 13.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
SIMPLO TECHNOLOGY TWD10 (6121.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 132.000 and 130.000, and is currently supporting at 133.027.
SIMPLO TECHNOLOGY TWD10 (6121.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 124.500 .
8- The Stock formed a 28.000 $ height triangle.
SIMPLO TECHNOLOGY TWD10 (6121.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 124.500 and 114.800, and is currently supporting at 132.400.

Stock Trading Conclusion:
SIMPLO TECHNOLOGY TWD10 (6121.TWO) was trading in a bearish 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 : 135.07, 136.97, 138.50, 140.03, 145.00, 148.54, 153.03.
Stock Support levels : 133.15, 133.03, 132.93, 132.75, 132.57, 132.40, 132.00,.