Today we will analyze the stock COASIA MICROELECTR TWD10 (8096.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in COASIA MICROELECTR TWD10 (8096.TWO)
1- Last bullish trend was from 16.10 $ (2/25/2014) to 17.20 $ (2/26/2014) a 1.10 $ move 2- The current bearish trend started from 17.20 $ at 2/26/2014 and is currently trading at 16.30 $.
3- 8096.TWO current support level is at 16.10 which is the 100.00 % fibonacci retracement of the last 1.10 $ move.
4- 8096.TWO current resistance level is at 16.52 which is the 61.80 % fibonacci retracement of the last 1.10 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
COASIA MICROELECTR TWD10 (8096.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 16.100 and 15.100 that was broken down at 16.250 transforming into a resistance line.
COASIA MICROELECTR TWD10 (8096.TWO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.900 $ height triangle which was broken up at 15.900 in higher than usual volume, target of the pattern is 20.800.
COASIA MICROELECTR TWD10 (8096.TWO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 12.900 and 15.660,resistance between 18.100 and 20.580 which was broken up at 15.050 in higher than usual volume.

Stock Trading Conclusion:
COASIA MICROELECTR TWD10 (8096.TWO) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 16.51, 16.52, 16.64, 16.65, 16.74, 16.75, 16.78, 16.86, 16.94, 17.20, 20.80.
Stock Support levels : 16.10, 15.80, 15.42, 15.42,.