Today we will analyze the stock ENE TECHNOLOGY TWD10 (6243.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in ENE TECHNOLOGY TWD10 (6243.TWO)
1- Last bearish trend was from 73.80 $ (12/8/2009) to 69.50 $ (12/10/2009) a 4.30 $ move 2- The current bullish trend started from 69.50 $ at 12/10/2009 and is currently trading at 73.70 $.
3- 6243.TWO current support level is at 72.16 which is the 61.80 % fibonacci retracement of the last 4.30 $ move.
4- 6243.TWO current resistance level is at 73.80 which is the 100.00 % fibonacci retracement of the last 4.30 $ move.
5- According to ADX Indicator, the trend is currently 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.
ENE TECHNOLOGY TWD10 (6243.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 69.500 and 68.300, and is currently supporting at 70.700.
ENE TECHNOLOGY TWD10 (6243.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 67.100 and 66.000, and is currently supporting at 67.853.
ENE TECHNOLOGY TWD10 (6243.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 70.300 and 73.350 that was broken up at 67.400 transforming into a supporting line.

Stock Trading Conclusion:
ENE TECHNOLOGY TWD10 (6243.TWO) was trading in a 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 : 73.80, 74.97, 76.46.
Stock Support levels : 72.71, 72.16, 72.10, 71.65, 71.60, 71.14, 71.10, 70.70, 70.51, 69.50, 67.85,.