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Wednesday, September 23, 2009

BISI.JK - Triangle Breakout Still Not Confirmed

Support and Resistance:

Line Studies

Fibonacci Retracement

Pivot Calculator

Moving Average

Bollinger Band

2225

0% @ 2275

2183

SMA 15 @ 2043

Upper @ 2203

2150

38.2% @ 2050

2141

SMA 25 @ 2077

Middle @ 2048

2100

50% @ 1970

2066

SMA 50 @ 1975

Lower @ 1893

2025

61.8% @ 1900

2066 (Pivot)

-

-

1970

100% @ 1670

2033

-

-

1850

-

1991

-

-

-

-

1958

-

-

Recommended Actions:

  • Buy @ 2050 (Fibo 38.2%, SMA 15, and middle Bollinger band).
  • Average Buy @ 1970 (support line, Fibo 50%, and SMA 50).
  • 1st Sell Target @ 2150 (resistance line, and pivot resistance)
  • 2nd Sell Target @ 2225 (resistance line).
  • Stop loss (or simply wait) if the price goes below 1950.

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