Stock Technical indicators to notice in BANK OF COMMERCE NC (BONC.OB)
1- Last bearish trend was from 2.69 $ (5/1/2012) to 2.50 $ (5/3/2012) a 0.19 $ move 2- The current bullish trend started from 2.50 $ at 5/3/2012 and is currently trading at 2.65 $.
4- BONC.OB current resistance level is at 2.69 which is the 100.00 % fibonacci retracement of the last 0.19 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
BANK OF COMMERCE NC (BONC.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 2.500 and 1.850 that was broken down at 2.650 transforming into a resistance line.
BANK OF COMMERCE NC (BONC.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 2.500 and 1.850 that was broken down at 2.650 transforming into a resistance line.
BANK OF COMMERCE NC (BONC.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 2.500 and 2.750 that was broken up at 2.690 transforming into a supporting line.
Stock Trading Conclusion:
BANK OF COMMERCE NC (BONC.OB) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 2.69, 2.74, 2.75, 2.79, 2.81.
Stock Support levels : 2.62, 2.61, 2.60, 2.59, 2.58, 2.57, 2.56, 2.54, 2.50,.
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