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Wednesday, September 16, 2009

INCO.JK - Another Channel Opportunity

Support and Resistance:

Line Studies

Fibonacci Retracement

Pivot Calculator

Moving Average

Bollinger Band

5050

0% @ 5100

4616

SMA 15 @ 4351

Upper @ 4940

4825

38.2% @ 4500

4508

SMA 25 @ 4529

Middle @ 4371

4550

50% @ 4300

4366

SMA 50 @ 4350

Lower @ 3800

4325

61.8% @ 4125

4258 (Pivot)

-

-

4100

100% @ 3525

4116

-

-

3800

-

4008

-

-

3600

-

3866

-

-

Recommended Actions:

  • Buy @ 4125 (support line, Fibo 61.8%, Pivot support, and channel support).
  • Average Buy @ 3800 (support line, Pivot support, and lower Bollinger band).
  • 1st Sell Target @ 4325 (resistance line, Fibo 50%,Pivot resistance, SMA 15, SMA 50, and middle Bollinger band).
  • 2nd Sell Target @ 4500 (support line, Fibo 38.2%, Pivot resistance, and SMA 25).
  • Stop loss (or simply wait) if the price goes below 3600.

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