CBT Financial Corp. (OTC BB: CBTC.OB) (OTC:CBTC) Stock Research Trends Targets and Technical Analysis - OTC Over the bulletin board otcbb [en]

Today we will analyze the stock CBT Financial Corp. (CBTC.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in CBT Financial Corp. (CBTC.OB)
1- Last bearish trend was from 25.50 $ (3/9/2010) to 23.10 $ (3/10/2010) a 2.40 $ move 2- The current bullish trend started from 23.10 $ at 3/10/2010 and is currently trading at 23.90 $. 3- CBTC.OB current support level is at 23.67 which is the 23.60 % fibonacci retracement of the last 2.40 $ move.
4- CBTC.OB current resistance level is at 24.02 which is the 38.20 % fibonacci retracement of the last 2.40 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
CBT Financial Corp. (CBTC.OB) Short term stock chart patterns for internet stock trading :

None.
CBT Financial Corp. (CBTC.OB) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 23.500 and 22.750 that was broken down at 23.100 transforming into a resistance line.
CBT Financial Corp. (CBTC.OB) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 20.980 and 20.740,resistance between 25.500 and 24.590, the stock channel is currently supported from below by 21.803 and resisted from above by 25.569.

Stock Trading Conclusion:
CBT Financial Corp. (CBTC.OB) was trading in a strong bearish 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 : 24.02, 24.30, 24.58, 24.70, 25.50, 26.15, 26.98.
Stock Support levels : 23.71, 23.67, 23.59, 23.50, 23.41, 23.10,.