Today we will analyze the stock KING POLYTECHNIC E TWD10 (6122.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in KING POLYTECHNIC E TWD10 (6122.TWO)
1- Last bearish trend was from 12.15 $ (1/7/2014) to 11.25 $ (2/5/2014) a 0.90 $ move 2- The current bullish trend started from 11.25 $ at 2/5/2014 and is currently trading at 11.90 $.
3- 6122.TWO current support level is at 11.81 which is the 61.80 % fibonacci retracement of the last 0.90 $ move.
4- 6122.TWO current resistance level is at 12.15 which is the 100.00 % fibonacci retracement of the last 0.90 $ 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.
KING POLYTECHNIC E TWD10 (6122.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.350 $ height triangle which was broken up at 11.900 in higher than usual volume, target of the pattern is 14.250.
KING POLYTECHNIC E TWD10 (6122.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 12.150 and 13.370 that was broken up at 11.900 transforming into a supporting line.
KING POLYTECHNIC E TWD10 (6122.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 13.370 and 14.400, and is currently resisting at 12.293.

Stock Trading Conclusion:
KING POLYTECHNIC E TWD10 (6122.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 : 12.15, 12.29, 12.39, 12.71, 14.25.
Stock Support levels : 11.82, 11.81, 11.75, 11.70, 11.68, 11.65, 11.59, 11.57, 11.50, 11.46, 11.25,.