Today we will analyze the stock TAIWAN TAKISAWA TE TWD10 (6609.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TAIWAN TAKISAWA TE TWD10 (6609.TWO)
1- Last bullish trend was from 66.50 $ (2/25/2014) to 72.00 $ (3/5/2014) a 5.50 $ move 2- The current bearish trend started from 72.00 $ at 3/5/2014 and is currently trading at 65.10 $.
3- 6609.TWO current support level is at 65.00 which is the 127.20 % fibonacci retracement of the last 5.50 $ move.
4- 6609.TWO current resistance level is at 66.50 which is the 100.00 % fibonacci retracement of the last 5.50 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
TAIWAN TAKISAWA TE TWD10 (6609.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 66.500 and 46.250 that was broken down at 67.600 transforming into a resistance line.
TAIWAN TAKISAWA TE TWD10 (6609.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 46.250 and 27.700,resistance between 72.000 and 57.700, the stock channel is currently supported from below by 53.796 and resisted from above by 73.046.
TAIWAN TAKISAWA TE TWD10 (6609.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 46.250 and 27.700,resistance between 72.000 and 57.700, the stock channel is currently supported from below by 53.796 and resisted from above by 73.046.

Stock Trading Conclusion:
TAIWAN TAKISAWA TE TWD10 (6609.TWO) was trading in a strong bullish 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 : 66.50, 66.73, 67.74, 68.55, 68.60, 69.25, 69.36, 69.90, 70.70, 72.00, 78.65.
Stock Support levels : 65.00,.