Today we will analyze the stock PARA LIGHT ELECTRO TWD10 (6226.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in PARA LIGHT ELECTRO TWD10 (6226.TWO)
1- Last bearish trend was from 9.30 $ (11/3/2008) to 8.85 $ (11/4/2008) a 0.45 $ move 2- The current bullish trend started from 8.85 $ at 11/4/2008 and is currently trading at 9.40 $.
3- 6226.TWO current support level is at 9.30 which is the 100.00 % fibonacci retracement of the last 0.45 $ move.
4- 6226.TWO current resistance level is at 9.42 which is the 127.20 % fibonacci retracement of the last 0.45 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PARA LIGHT ELECTRO TWD10 (6226.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 9.300 that failed, and formed a support .
7- The Stock formed a 0.610 $ height triangle which was broken up at 9.400 in higher than usual volume, target of the pattern is 10.010.
PARA LIGHT ELECTRO TWD10 (6226.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 9.310 and 9.490 that was broken up at 9.400 transforming into a supporting line.
PARA LIGHT ELECTRO TWD10 (6226.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 10.600 and 11.000, and is currently resisting at 9.400.

Stock Trading Conclusion:
PARA LIGHT ELECTRO TWD10 (6226.TWO) was trading in a bearish wave, which is becoming stronger .
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 : 9.40, 9.42, 9.58, 10.01.
Stock Support levels : 9.30, 9.30, 9.27, 9.19, 9.13, 9.13, 9.08, 9.06, 9.02, 8.96, 8.88, 8.85,.