Pacific Capital Bancorp (NASDAQ:PCBC) : Consolidating

After it’s breakout of its resistance at $2.16 with high volume, PCBC seems to be consolidating as indicated the flattening Tenkan sen and Kijun sen.

Next resistance is $2.66 and $3.18

If it can break the above resistance, we may see PCBC rally till about $4.79

A pretty good risk-reward ratio given that it has a pretty small trading range.

At the same time, it is now hitting its resistance in the Weekly Chart


Sinovac Biotech Ltd (SVA) : Gap Resistance

Sinovac Biotech (SVA) has rallied over the past few days with the broader market.

From the Ichimoku chart, we can see that it is now facing immediate resistance from the gap at around 6.78.

We can also see that the Kijun sen (purple line)  is right at 6.78