Today we will analyze the stock GENESIS TECH INC TWD10 (6221.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in GENESIS TECH INC TWD10 (6221.TWO)
1- Last bullish trend was from 21.30 $ (4/23/2012) to 24.85 $ (5/2/2012) a 3.55 $ move 2- The current bearish trend started from 24.85 $ at 5/2/2012 and is currently trading at 23.70 $.
3- 6221.TWO current support level is at 23.49 which is the 38.20 % fibonacci retracement of the last 3.55 $ move.
4- 6221.TWO current resistance level is at 24.01 which is the 23.60 % fibonacci retracement of the last 3.55 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
GENESIS TECH INC TWD10 (6221.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 24.850 and 27.400, and is currently resisting at 24.340.
GENESIS TECH INC TWD10 (6221.TWO) Mid term stock chart patterns for internet stock trading :

None.
GENESIS TECH INC TWD10 (6221.TWO) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 21.300 and 14.650, and is currently supporting at 21.996.

Stock Trading Conclusion:
GENESIS TECH INC TWD10 (6221.TWO) was trading in a strong bearish wave, which is becoming weaker .
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 : 23.97, 24.01, 24.14, 24.28, 24.34, 24.41, 24.85, 25.85.
Stock Support levels : 23.49, 23.08, 22.66, 22.00, 21.30, 20.33,.