Today we will analyze the stock TAIFLEX SCIENTIFIC TWD10 (8039.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TAIFLEX SCIENTIFIC TWD10 (8039.TWO)
1- Last bullish trend was from 59.60 $ (12/10/2009) to 62.40 $ (12/11/2009) a 2.80 $ move 2- The current bearish trend started from 62.40 $ at 12/11/2009 and is currently trading at 61.30 $.
3- 8039.TWO current support level is at 61.00 which is the 50.00 % fibonacci retracement of the last 2.80 $ move.
4- 8039.TWO current resistance level is at 61.33 which is the 38.20 % fibonacci retracement of the last 2.80 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
TAIFLEX SCIENTIFIC TWD10 (8039.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 20.000 $ height triangle which was broken up at 61.300, target of the pattern is 81.300 which was broken down at 60.700, target of the pattern is 40.700.
TAIFLEX SCIENTIFIC TWD10 (8039.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 44.000 and 39.300, and is currently supporting at 47.394.
TAIFLEX SCIENTIFIC TWD10 (8039.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 49.000 that failed, and formed a support .
9- The Stock was supported by a support line, identified by two points: 44.000 and 39.300, and is currently supporting at 47.394.

Stock Trading Conclusion:
TAIFLEX SCIENTIFIC TWD10 (8039.TWO) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 61.33, 61.56, 61.72, 61.74, 61.85, 61.98, 62.40, 66.53, 81.30.
Stock Support levels : 61.00, 60.67, 60.00, 59.60, 58.84, 57.87, 49.10, 47.39,.