Stock Technical indicators to notice in DCB Financial Corp. (DCBF.OB)
1- Last bearish trend was from 5.15 $ (4/30/2012) to 4.60 $ (5/3/2012) a 0.55 $ move 2- The current bullish trend started from 4.60 $ at 5/3/2012 and is currently trading at 4.65 $.
4- DCBF.OB current resistance level is at 4.73 which is the 23.60 % fibonacci retracement of the last 0.55 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
DCB Financial Corp. (DCBF.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 5.150 and 5.400 that was broken up at 4.750 transforming into a supporting line.
DCB Financial Corp. (DCBF.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.850 $ height triangle which was broken up at 4.750 in higher than usual volume, target of the pattern is 5.600 which was broken down at 4.600 in higher than usual volume, target of the pattern is 3.750.
DCB Financial Corp. (DCBF.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 3.100 and 2.250 that was broken down at 4.700 transforming into a resistance line.
Stock Trading Conclusion:
DCB Financial Corp. (DCBF.OB) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 4.73, 4.81, 4.88, 4.93, 4.94, 5.15, 5.30, 5.49, 5.60, 5.92.
Stock Support levels : 4.64, 4.63, 4.63, 4.62, 4.60, 4.28,.
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