Today we will analyze the stock WELLDONE COMPANY TWD10 (6170.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in WELLDONE COMPANY TWD10 (6170.TWO)
1- Last bearish trend was from 16.10 $ (2/13/2014) to 14.20 $ (3/3/2014) a 1.90 $ move 2- The current bullish trend started from 14.20 $ at 3/3/2014 and is currently trading at 14.90 $.
3- 6170.TWO current support level is at 14.65 which is the 23.60 % fibonacci retracement of the last 1.90 $ move.
4- 6170.TWO current resistance level is at 14.93 which is the 38.20 % fibonacci retracement of the last 1.90 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
WELLDONE COMPANY TWD10 (6170.TWO) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 14.200 and 13.450, and is currently supporting at 14.317.
WELLDONE COMPANY TWD10 (6170.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 14.200 and 9.760,resistance between 16.100 and 11.550, the stock channel is currently supported from below by 14.496 and resisted from above by 16.923.
WELLDONE COMPANY TWD10 (6170.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
WELLDONE COMPANY TWD10 (6170.TWO) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 14.93, 15.15, 15.37, 16.10, 16.62, 17.27.
Stock Support levels : 14.73, 14.65, 14.63, 14.55, 14.47, 14.32, 14.20,.