Today we will analyze the stock FORTUNA TECHNOLOGI TWD10 (8066.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in FORTUNA TECHNOLOGI TWD10 (8066.TWO)
1- Last bullish trend was from 32.60 $ (2/10/2014) to 54.00 $ (2/21/2014) a 21.40 $ move 2- The current bearish trend started from 54.00 $ at 2/21/2014 and is currently trading at 47.60 $.
3- 8066.TWO current support level is at 45.83 which is the 38.20 % fibonacci retracement of the last 21.40 $ move.
4- 8066.TWO current resistance level is at 48.95 which is the 23.60 % fibonacci retracement of the last 21.40 $ 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.
FORTUNA TECHNOLOGI TWD10 (8066.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 32.600 .
FORTUNA TECHNOLOGI TWD10 (8066.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 32.600 .
FORTUNA TECHNOLOGI TWD10 (8066.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
FORTUNA TECHNOLOGI TWD10 (8066.TWO) was trading in a strong bullish wave, which is becoming weaker .
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 : 48.95, 49.11, 50.04, 50.80, 51.56, 54.00,.
Stock Support levels : 45.83, 43.30, 40.77, 32.60, 26.78,.