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Wednesday, October 7, 2009

TINS.JK - Another Trendline Support Opportunity

Support and Resistance:

Line Studies

Fibonacci Retracement

Pivot Calculator

Moving Average

Bollinger Band

2400

0% @ 1970

2308

SMA 15 @ 2143

Upper @ 2269

2275

38.2% @ 2134

2241

SMA 25 @ 2115

Middle @ 2138

2175

50% @ 2185

2208

SMA 50 @ 2132

Lower @ 2014

2100

61.8% @ 2235

2141 (Pivot)

-

-

2025

100% @ 2400

2108

-

-

1975

-

2041

-

-

-

-

2008

-

-

Recommended Actions:

  • Buy @ 2100 (support line, pivot support, SMA 25, and trendline support).
  • Average Buy @ 2025 (support line and lower Bollinger band).
  • 1st Sell Target @ 2275 (resistance line, and upper Bollinger band).
  • 2nd Sell Target @ 2400 (resistance line and Fibo 100%).
  • Stop loss (or simply wait) if the price goes below 1975.

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