Stock Technical indicators to notice in COMMUNITY BK BAY CA (CBYAA.OB)
1- Last bullish trend was from 1.82 $ (4/13/2012) to 2.10 $ (4/16/2012) a 0.28 $ move 2- The current bearish trend started from 2.10 $ at 4/16/2012 and is currently trading at 2.00 $.
4- CBYAA.OB current resistance level is at 2.03 which is the 23.60 % fibonacci retracement of the last 0.28 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
COMMUNITY BK BAY CA (CBYAA.OB) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.750 $ height triangle which was broken up at 2.000, target of the pattern is 2.750.
COMMUNITY BK BAY CA (CBYAA.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.820 and 1.500, and is currently supporting at 2.000.
COMMUNITY BK BAY CA (CBYAA.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.820 and 1.500, and is currently supporting at 2.000.
Stock Trading Conclusion:
COMMUNITY BK BAY CA (CBYAA.OB) 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 : 2.02, 2.03, 2.04, 2.05, 2.06, 2.10, 2.75.
Stock Support levels : 1.99, 1.96, 1.93, 1.82, 1.74, 1.67,.
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