Today we will analyze the stock TERA AUTOTECH CORP TWD10 (6234.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TERA AUTOTECH CORP TWD10 (6234.TWO)
1- Last bullish trend was from 20.30 $ (3/4/2014) to 21.90 $ (3/7/2014) a 1.60 $ move 2- The current bearish trend started from 21.90 $ at 3/7/2014 and is currently trading at 20.60 $.
3- 6234.TWO current support level is at 20.30 which is the 100.00 % fibonacci retracement of the last 1.60 $ move.
4- 6234.TWO current resistance level is at 20.91 which is the 61.80 % fibonacci retracement of the last 1.60 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
TERA AUTOTECH CORP TWD10 (6234.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 20.300 and 17.800 that was broken down at 20.600 transforming into a resistance line.
TERA AUTOTECH CORP TWD10 (6234.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 5.700 $ height triangle which was broken up at 16.100, target of the pattern is 21.800.
TERA AUTOTECH CORP TWD10 (6234.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 15.100 and 13.300, and is currently supporting at 16.668.

Stock Trading Conclusion:
TERA AUTOTECH CORP TWD10 (6234.TWO) was trading in a strong bullish 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 : 20.91, 20.91, 21.10, 21.10, 21.25, 21.29, 21.40, 21.52, 21.80, 21.90, 21.97.
Stock Support levels : 20.30, 19.86, 19.31, 17.80, 16.67,.