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… Continue reading Pacific Capital Bancorp (NASDAQ:PCBC) : Consolidating