Today we will analyze the stock TAIWAN OSTOR CORP TWD10 (8080.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in TAIWAN OSTOR CORP TWD10 (8080.TWO)
1- Last bullish trend was from 30.30 $ (3/3/2014) to 34.05 $ (3/5/2014) a 3.75 $ move 2- The current bearish trend started from 34.05 $ at 3/5/2014 and is currently trading at 31.00 $.
3- 8080.TWO current support level is at 30.30 which is the 100.00 % fibonacci retracement of the last 3.75 $ move.
4- 8080.TWO current resistance level is at 31.73 which is the 61.80 % fibonacci retracement of the last 3.75 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,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.
TAIWAN OSTOR CORP TWD10 (8080.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 34.050 and 35.650, and is currently resisting at 33.450.
TAIWAN OSTOR CORP TWD10 (8080.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 34.050 and 41.100, and is currently resisting at 32.806.
TAIWAN OSTOR CORP TWD10 (8080.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 30.300 and 30.050, and is currently supporting at 30.330.

Stock Trading Conclusion:
TAIWAN OSTOR CORP TWD10 (8080.TWO) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 31.72, 31.73, 32.17, 32.17, 32.53, 32.62, 32.81, 32.88, 33.17, 33.45, 34.05,.
Stock Support levels : 30.33, 30.30, 29.28,.