Stock Technical indicators to notice in Coastal Banking Company (CBCO.OB)
1- Last bearish trend was from 5.00 $ (4/17/2012) to 4.00 $ (5/2/2012) a 1.00 $ move 2- The current bullish trend started from 4.00 $ at 5/2/2012 and is currently trading at 4.25 $.
4- CBCO.OB current resistance level is at 4.38 which is the 38.20 % fibonacci retracement of the last 1.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Coastal Banking Company (CBCO.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 4.000 and 3.870, and is currently supporting at 4.046.
Coastal Banking Company (CBCO.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 4.000 and 3.870, and is currently supporting at 4.046.
Coastal Banking Company (CBCO.OB) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 3.870 and 3.000,resistance between 5.000 and 4.500 which was broken down at 4.000 in higher than usual volume.
Stock Trading Conclusion:
Coastal Banking Company (CBCO.OB) was trading in a 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 : 4.38, 4.50, 4.62, 4.74, 5.00, 5.27, 5.62.
Stock Support levels : 4.24, 4.19, 4.15, 4.13, 4.10, 4.05, 4.00,.
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