Today we will analyze the stock TAIPEI MULTIPOWER TWD10 (6248.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TAIPEI MULTIPOWER TWD10 (6248.TWO)
1- Last bearish trend was from 9.94 $ (2/24/2014) to 8.56 $ (3/7/2014) a 1.38 $ move 2- The current bullish trend started from 8.56 $ at 3/7/2014 and is currently trading at 9.15 $.
3- 6248.TWO current support level is at 9.09 which is the 38.20 % fibonacci retracement of the last 1.38 $ move.
4- 6248.TWO current resistance level is at 9.25 which is the 50.00 % fibonacci retracement of the last 1.38 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
TAIPEI MULTIPOWER TWD10 (6248.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 9.940 and 11.450 that was broken up at 9.150 transforming into a supporting line.
TAIPEI MULTIPOWER TWD10 (6248.TWO) Mid term stock chart patterns for internet stock trading :

None.
TAIPEI MULTIPOWER TWD10 (6248.TWO) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 9.350 and 7.900 that was broken down at 10.950 transforming into a resistance line.

Stock Trading Conclusion:
TAIPEI MULTIPOWER TWD10 (6248.TWO) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 9.25, 9.41, 9.94, 10.32, 10.79, 15.30.
Stock Support levels : 9.09, 9.01, 8.92, 8.89, 8.85, 8.79, 8.78, 8.56,.