Today we will analyze the stock California Community Bank (CABK.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in California Community Bank (CABK.OB)
1- Last bearish trend was from 7.94 $ (5/11/2010) to 7.45 $ (5/12/2010) a 0.49 $ move 2- The current bullish trend started from 7.45 $ at 5/12/2010 and is currently trading at 8.50 $.
3- 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.
California Community Bank (CABK.OB) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 7.940 that failed, and formed a support .
5- The Stock was supported by a support line, identified by two points: 7.450 and 7.300 that was broken down at 7.600 transforming into a resistance line.
California Community Bank (CABK.OB) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 7.940 that failed, and formed a support .
7- The Stock was supported by a support line, identified by two points: 7.450 and 7.300 that was broken down at 7.600 transforming into a resistance line.
California Community Bank (CABK.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 7.250 .
9- The Stock formed a 2.100 $ height triangle which was broken up at 7.940 in higher than usual volume, target of the pattern is 10.040.

Stock Trading Conclusion:
California Community Bank (CABK.OB) 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 : 10.04, 13.30,.
Stock Support levels : 8.25, 8.10, 7.97, 7.94, 7.85, 7.45, 7.25,.