Today we will analyze the stock SPORTON INTERNATIO TWD10 (6146.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in SPORTON INTERNATIO TWD10 (6146.TWO)
1- Last bearish trend was from 136.00 $ (2/19/2014) to 125.50 $ (2/25/2014) a 10.50 $ move 2- The current bullish trend started from 125.50 $ at 2/25/2014 and is currently trading at 134.50 $.
3- 6146.TWO current support level is at 131.99 which is the 61.80 % fibonacci retracement of the last 10.50 $ move.
4- 6146.TWO current resistance level is at 136.00 which is the 100.00 % fibonacci retracement of the last 10.50 $ 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.
6- Bearish Divergance in MACD Indicator .
SPORTON INTERNATIO TWD10 (6146.TWO) Short term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 125.500 and 128.500,resistance between 136.000 and 138.500 which was broken up at 134.000.
SPORTON INTERNATIO TWD10 (6146.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 125.500 and 113.500,resistance between 138.500 and 130.500, the stock channel is currently supported from below by 129.100 and resisted from above by 144.500.
SPORTON INTERNATIO TWD10 (6146.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 138.500 and 144.000, and is currently resisting at 135.895.

Stock Trading Conclusion:
SPORTON INTERNATIO TWD10 (6146.TWO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 135.89, 136.00, 138.86, 142.49.
Stock Support levels : 132.38, 131.99, 131.06, 130.75, 130.00, 129.51, 129.50, 128.94, 127.98, 125.50,.