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Wednesday, September 16, 2009

MEDC.JK - Bullish Reversal on Trendline Support

Support and Resistance:

Line Studies

Fibonacci Retracement

Pivot Calculator

Moving Average

Bollinger Band

3425

0% @ 2750

3191

SMA 15 @ 2906

Upper @ 3182

3225

38.2% @ 3000

3083

SMA 25 @ 2992

Middle @ 2941

3100

50% @ 3075

2991

SMA 50 @ 3035

Lower @ 2700

2950

61.8% @ 3150

2883 (Pivot)

-

-

2775

100% @ 3400

2791

-

-

2600

-

2683

-

-

-

-

2591

-

-

Recommended Actions:

  • Buy @ 2800 (support line, Fibo 0%, pivot support, and trendline support)).
  • Average Buy @ 2700 (lower Bollinger band).
  • 1st Sell Target @ 2950 (resistance line and middle Bollinger band).
  • 2nd Sell Target @ 3075 (resistance line and Fibo 50%).
  • Stop Loss (or simply wait) if the price goes below 2600.

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