Today we will analyze the stock GRANDTECH C.G. SYS TWD10 (6123.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in GRANDTECH C.G. SYS TWD10 (6123.TWO)
1- Last bullish trend was from 31.90 $ (2/18/2014) to 35.45 $ (3/6/2014) a 3.55 $ move 2- The current bearish trend started from 35.45 $ at 3/6/2014 and is currently trading at 33.10 $.
3- 6123.TWO current support level is at 31.90 which is the 100.00 % fibonacci retracement of the last 3.55 $ move.
4- 6123.TWO current resistance level is at 33.26 which is the 61.80 % fibonacci retracement of the last 3.55 $ 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.
GRANDTECH C.G. SYS TWD10 (6123.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 31.900 and 33.300,resistance between 35.450 and 37.100, the stock channel is currently supported from below by 31.422 and resisted from above by 35.373.
GRANDTECH C.G. SYS TWD10 (6123.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 35.450 and 37.100, and is currently resisting at 35.373.
GRANDTECH C.G. SYS TWD10 (6123.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 37.100 and 40.900, and is currently resisting at 33.933.

Stock Trading Conclusion:
GRANDTECH C.G. SYS TWD10 (6123.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 : 33.26, 33.65, 33.67, 33.93, 34.00, 34.09, 34.28, 34.55, 34.61, 35.37, 35.45,.
Stock Support levels : 31.90, 30.93,.