Today we will analyze the stock MOTECH INDUSTRIES TWD10 (6244.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in MOTECH INDUSTRIES TWD10 (6244.TWO)
1- Last bearish trend was from 61.00 $ (1/10/2014) to 47.05 $ (2/19/2014) a 13.95 $ move 2- The current bullish trend started from 47.05 $ at 2/19/2014 and is currently trading at 54.50 $.
3- 6244.TWO current support level is at 54.03 which is the 50.00 % fibonacci retracement of the last 13.95 $ move.
4- 6244.TWO current resistance level is at 55.67 which is the 61.80 % fibonacci retracement of the last 13.95 $ 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.
MOTECH INDUSTRIES TWD10 (6244.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 61.000 .
MOTECH INDUSTRIES TWD10 (6244.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 61.100 .
MOTECH INDUSTRIES TWD10 (6244.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 61.100 .

Stock Trading Conclusion:
MOTECH INDUSTRIES TWD10 (6244.TWO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 55.67, 60.41, 60.56, 60.70, 61.00, 61.22, 64.79, 69.62.
Stock Support levels : 54.03, 52.74, 52.38, 51.65, 50.78, 50.34, 49.90, 47.05,.