Stock Technical indicators to notice in SouthCrest Financial Group Inc. (SCSG.OB)
1- Last bearish trend was from 4.10 $ (12/6/2011) to 3.50 $ (12/20/2011) a 0.60 $ move 2- The current bullish trend started from 3.50 $ at 12/20/2011 and is currently trading at 4.00 $.
4- SCSG.OB current resistance level is at 4.10 which is the 100.00 % fibonacci retracement of the last 0.60 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
SouthCrest Financial Group Inc. (SCSG.OB) Short term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 3.500 and 2.500 that was broken down at 4.000 transforming into a resistance line.
SouthCrest Financial Group Inc. (SCSG.OB) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 3.500 and 2.500 that was broken down at 4.000 transforming into a resistance line.
SouthCrest Financial Group Inc. (SCSG.OB) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 3.500 and 2.500 that was broken down at 4.000 transforming into a resistance line.
Stock Trading Conclusion:
SouthCrest Financial Group Inc. (SCSG.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 : 4.10, 4.26, 4.31, 4.47.
Stock Support levels : 3.88, 3.87, 3.81, 3.80, 3.75, 3.73, 3.69, 3.64, 3.50,.
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