Today we will analyze the stock PROLIFIC TECH INC TWD10 (6233.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in PROLIFIC TECH INC TWD10 (6233.TWO)
1- Last bullish trend was from 21.70 $ (3/4/2014) to 23.00 $ (3/7/2014) a 1.30 $ move 2- The current bearish trend started from 23.00 $ at 3/7/2014 and is currently trading at 21.70 $.
3- 6233.TWO current support level is at 21.35 which is the 127.20 % fibonacci retracement of the last 1.30 $ move.
4- 6233.TWO current resistance level is at 21.70 which is the 100.00 % fibonacci retracement of the last 1.30 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
PROLIFIC TECH INC TWD10 (6233.TWO) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 21.700 and 21.100 that was broken down at 21.700 transforming into a resistance line.
PROLIFIC TECH INC TWD10 (6233.TWO) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 3.650 $ height triangle which was broken up at 14.900, target of the pattern is 18.550.
PROLIFIC TECH INC TWD10 (6233.TWO) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 15.400 that failed, and formed a support .

Stock Trading Conclusion:
PROLIFIC TECH INC TWD10 (6233.TWO) was trading in a strong bullish wave, which is becoming stronger .
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 : 22.00, 22.01, 22.20, 22.35, 22.50, 22.69, 23.00,.
Stock Support levels : 21.35, 20.90, 15.80, 15.62,.