Today we will analyze the stock HONEY HOPE HONESTY TWD10 (8043.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in HONEY HOPE HONESTY TWD10 (8043.TWO)
1- Last bearish trend was from 18.90 $ (1/20/2014) to 17.95 $ (2/5/2014) a 0.95 $ move 2- The current bullish trend started from 17.95 $ at 2/5/2014 and is currently trading at 18.75 $.
3- 8043.TWO current support level is at 18.54 which is the 61.80 % fibonacci retracement of the last 0.95 $ move.
4- 8043.TWO current resistance level is at 18.90 which is the 100.00 % fibonacci retracement of the last 0.95 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
HONEY HOPE HONESTY TWD10 (8043.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 17.950 and 18.200,resistance between 18.900 and 19.000 which was broken up at 18.550.
HONEY HOPE HONESTY TWD10 (8043.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 15.900 and 12.480,resistance between 18.240 and 15.400, the stock channel is currently supported from below by 18.057 and resisted from above by 20.956.
HONEY HOPE HONESTY TWD10 (8043.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 15.900 and 12.480,resistance between 18.240 and 15.400, the stock channel is currently supported from below by 18.057 and resisted from above by 20.956.

Stock Trading Conclusion:
HONEY HOPE HONESTY TWD10 (8043.TWO) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 18.90, 19.16, 19.49.
Stock Support levels : 18.56, 18.54, 18.44, 18.42, 18.40, 18.35, 18.31, 18.26, 18.17, 17.95,.