Today we will analyze the stock BAFO TECHNOLOGIES TWD10 (6242.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in BAFO TECHNOLOGIES TWD10 (6242.TWO)
1- Last bearish trend was from 19.16 $ (12/27/2013) to 4.38 $ (2/18/2014) a 14.78 $ move 2- The current bullish trend started from 4.38 $ at 2/18/2014 and is currently trading at 36.71 $.
3- 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.
BAFO TECHNOLOGIES TWD10 (6242.TWO) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 19.160 and 21.960 that was broken up at 17.930 transforming into a supporting line.
BAFO TECHNOLOGIES TWD10 (6242.TWO) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 19.160 and 21.960 that was broken up at 17.930 transforming into a supporting line.
BAFO TECHNOLOGIES TWD10 (6242.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
BAFO TECHNOLOGIES TWD10 (6242.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 : .
Stock Support levels : 29.08, 24.36, 20.55, 16.73, 4.38, -9.40,.