Stock Technical indicators to notice in Santa Cruz County Bank (SCZC.OB)
1- Last bullish trend was from 12.00 $ (4/20/2012) to 14.50 $ (5/7/2012) a 2.50 $ move 2- The current bearish trend started from 14.50 $ at 5/7/2012 and is currently trading at 14.00 $.
4- SCZC.OB current resistance level is at 14.50 which is the 0.00 % fibonacci retracement of the last 2.50 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Santa Cruz County Bank (SCZC.OB) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 12.000 .
Santa Cruz County Bank (SCZC.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 12.000 .
8- The Stock formed Double Top Pattern at 13.000 that failed, and formed a support .
Santa Cruz County Bank (SCZC.OB) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 5.500 $ height triangle which was broken up at 11.770 in higher than usual volume, target of the pattern is 17.270.
Stock Trading Conclusion:
Santa Cruz County Bank (SCZC.OB) was trading in a bearish 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 : 14.12, 14.19, 14.25, 14.31, 14.50, 17.27.
Stock Support levels : 13.91, 13.55, 13.25, 13.00, 12.95, 12.00, 11.32, 10.45,.
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