Today we will analyze the stock AXIS CORPORATION TWD10 (6292.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in AXIS CORPORATION TWD10 (6292.TWO)
1- Last bearish trend was from 35.05 $ (1/6/2014) to 31.00 $ (2/5/2014) a 4.05 $ move 2- The current bullish trend started from 31.00 $ at 2/5/2014 and is currently trading at 33.45 $.
3- 6292.TWO current support level is at 33.03 which is the 50.00 % fibonacci retracement of the last 4.05 $ move.
4- 6292.TWO current resistance level is at 33.50 which is the 61.80 % fibonacci retracement of the last 4.05 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
AXIS CORPORATION TWD10 (6292.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 35.050 .
AXIS CORPORATION TWD10 (6292.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 31.000 and 26.700, and is currently supporting at 32.570.
AXIS CORPORATION TWD10 (6292.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 31.000 and 26.700, and is currently supporting at 32.570.

Stock Trading Conclusion:
AXIS CORPORATION TWD10 (6292.TWO) was trading in a strong bullish wave, which is becoming weaker .
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 : 33.50, 35.05, 35.36, 35.49, 35.61, 36.15, 37.55.
Stock Support levels : 33.03, 32.87, 32.57, 32.55, 32.51, 32.22, 31.96, 31.94, 31.00,.