Today we will analyze the stock V-TAC TECHNOLOGY TWD10 (6229.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in V-TAC TECHNOLOGY TWD10 (6229.TWO)
1- Last bullish trend was from 15.45 $ (2/11/2014) to 17.75 $ (3/4/2014) a 2.30 $ move 2- The current bearish trend started from 17.75 $ at 3/4/2014 and is currently trading at 16.70 $.
3- 6229.TWO current support level is at 16.60 which is the 50.00 % fibonacci retracement of the last 2.30 $ move.
4- 6229.TWO current resistance level is at 16.87 which is the 38.20 % fibonacci retracement of the last 2.30 $ move.
5- According to ADX Indicator, the trend is currently strong 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 .
V-TAC TECHNOLOGY TWD10 (6229.TWO) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 15.450 .
V-TAC TECHNOLOGY TWD10 (6229.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 15.450 and 14.200, and is currently supporting at 15.859.
V-TAC TECHNOLOGY TWD10 (6229.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 5.850 $ height triangle which was broken up at 16.550 in higher than usual volume, target of the pattern is 22.400.

Stock Trading Conclusion:
V-TAC TECHNOLOGY TWD10 (6229.TWO) was trading in a strong 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 : 16.87, 16.95, 17.10, 17.21, 17.23, 17.35, 17.75, 22.40.
Stock Support levels : 16.60, 16.33, 15.86, 15.48, 15.45, 15.44, 15.42, 14.82,.