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Tuesday, October 27, 2009

BISI.JK - Strong Trendline Support

Support and Resistance:

Line Studies

Fibonacci Retracement

Pivot Calculator

Moving Average

Bollinger Band

1960

0% @ 2275

2150

SMA 15 @ 1938

Upper @ 2120

1920

38.2% @ 2043

2060

SMA 25 @ 1982

Middle @ 1962

1870

50% @ 1972

1930

SMA 50 @ 2030

Lower @ 1808

1820

61.8% @ 1901

1840 (Pivot)

-

-

1760

100% @ 1670

1710

-

-

1700

-

1620

-

-

1620

-

1490

-

-

Recommended Actions:

  • Buy @ 1790 (trendline support).
  • Average Buy @ 1760 (support line).
  • 1st Sell Target @ 1960 (resistance line, Fibo 50%, and middle Bollinger band).
  • 2nd Sell Target @ 20525(resistance line and SMA 50).
  • Stop loss (or simply wait) if the price goes below 1700.

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