Today we will analyze the stock CHAUN-CHOUNG TECHN TWD10 (6230.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in CHAUN-CHOUNG TECHN TWD10 (6230.TWO)
1- Last bearish trend was from 44.50 $ (8/13/2010) to 41.50 $ (9/1/2010) a 3.00 $ move 2- The current bullish trend started from 41.50 $ at 9/1/2010 and is currently trading at 45.00 $.
3- 6230.TWO current support level is at 44.50 which is the 100.00 % fibonacci retracement of the last 3.00 $ move.
4- 6230.TWO current resistance level is at 45.32 which is the 127.20 % fibonacci retracement of the last 3.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CHAUN-CHOUNG TECHN TWD10 (6230.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 44.500 and 46.900 that was broken up at 44.350 transforming into a supporting line.
CHAUN-CHOUNG TECHN TWD10 (6230.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 47.090 and 48.230 that was broken up at 43.100 transforming into a supporting line.
CHAUN-CHOUNG TECHN TWD10 (6230.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 48.230 and 51.500 that was broken up at 45.000 transforming into a supporting line.

Stock Trading Conclusion:
CHAUN-CHOUNG TECHN TWD10 (6230.TWO) was trading in a bullish wave, which is becoming weaker .
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 : 45.32, 46.35.
Stock Support levels : 44.72, 44.50, 44.17, 43.66, 43.35, 43.25, 43.00, 42.84, 42.65, 42.63, 42.21, 41.50,.