Today we will analyze the stock CHIPBOND TECHNOLO TWD10 (6147.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in CHIPBOND TECHNOLO TWD10 (6147.TWO)
1- Last bullish trend was from 46.20 $ (2/5/2014) to 53.00 $ (2/21/2014) a 6.80 $ move 2- The current bearish trend started from 53.00 $ at 2/21/2014 and is currently trading at 51.40 $.
3- 6147.TWO current support level is at 51.40 which is the 23.60 % fibonacci retracement of the last 6.80 $ move.
4- 6147.TWO current resistance level is at 53.00 which is the 0.00 % fibonacci retracement of the last 6.80 $ 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.
CHIPBOND TECHNOLO TWD10 (6147.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 46.200 and 42.950, and is currently supporting at 49.598.
CHIPBOND TECHNOLO TWD10 (6147.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 19.650 $ height triangle which was broken up at 47.500 in higher than usual volume, target of the pattern is 67.150.
CHIPBOND TECHNOLO TWD10 (6147.TWO) Long term stock chart patterns for internet stock trading :


Stock Trading Conclusion:
CHIPBOND TECHNOLO TWD10 (6147.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 : 51.78, 52.01, 52.20, 52.39, 53.00, 67.15.
Stock Support levels : 51.40, 50.40, 49.60, 49.60, 48.80, 46.20, 44.35, 42.00,.