Stock Technical indicators to notice in DELTAMAC(TAIWAN) TWD10 (6144.TWO)
1- Last bearish trend was from 10.05 $ (5/2/2012) to 9.35 $ (5/3/2012) a 0.70 $ move 2- The current bullish trend started from 9.35 $ at 5/3/2012 and is currently trading at 11.10 $.
DELTAMAC(TAIWAN) TWD10 (6144.TWO) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 10.050 and 10.300 that was broken up at 10.500 transforming into a supporting line.
DELTAMAC(TAIWAN) TWD10 (6144.TWO) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bearish stock channel identifed by support at 9.350 and 9.800,resistance between 10.400 and 10.800 which was broken up at 10.500 in higher than usual volume.
DELTAMAC(TAIWAN) TWD10 (6144.TWO) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 10.800 and 11.200 that was broken up at 10.400 transforming into a supporting line.
Stock Trading Conclusion:
DELTAMAC(TAIWAN) TWD10 (6144.TWO) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : .
Stock Support levels : 10.69, 10.43, 10.23, 10.02, 9.96, 9.86, 9.35,.
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