Today we will analyze the stock MINGJONG TECHNOLOG TWD10 (6276.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in MINGJONG TECHNOLOG TWD10 (6276.TWO)
1- Last bullish trend was from 26.30 $ (2/10/2014) to 29.00 $ (2/25/2014) a 2.70 $ move 2- The current bearish trend started from 29.00 $ at 2/25/2014 and is currently trading at 27.20 $.
3- 6276.TWO current support level is at 26.30 which is the 100.00 % fibonacci retracement of the last 2.70 $ move.
4- 6276.TWO current resistance level is at 27.33 which is the 61.80 % fibonacci retracement of the last 2.70 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MINGJONG TECHNOLOG TWD10 (6276.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 26.300 and 25.200 that was broken down at 27.100 transforming into a resistance line.
MINGJONG TECHNOLOG TWD10 (6276.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 25.200 and 29.050,resistance between 29.000 and 33.050, the stock channel is currently supported from below by 22.768 and resisted from above by 28.208.
MINGJONG TECHNOLOG TWD10 (6276.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 25.200 and 23.800, and is currently supporting at 25.569.

Stock Trading Conclusion:
MINGJONG TECHNOLOG TWD10 (6276.TWO) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 27.33, 27.62, 27.65, 27.89, 27.97, 28.10, 28.31, 28.36, 29.00, 31.80.
Stock Support levels : 26.30, 25.57, 25.57,.