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Friday, October 23, 2009

TINS.JK - Speculative Buy on Weakness

Support and Resistance:

Line Studies

Fibonacci Retracement

Pivot Calculator

Moving Average

Bollinger Band

2400

0% @ 2300

2333

SMA 15 @ 2200

Upper @ 2292

2275

38.2% @ 2173

2291

SMA 25 @ 2175

Middle @ 2192

2175

50% @ 2135

2258

SMA 50 @ 2163

Lower @ 2089

2100

61.8% @ 2096

2216 (Pivot)

-

-

2025

100% @ 1970

2183

-

-

1975

-

2141

-

-

1900

-

2108

-

-

Recommended Actions:

  • Buy @ 2100 (support resistance, Fibo 61.8%, pivot support, and lower Bollinger band).
  • Average Buy @ 1975 (support line and Fibo 100%).
  • 1st Sell Target @ 2275 (resistance line).
  • 2nd Sell Target @ 2400 (resistance line).
  • Stop loss (or simply wait) if the price goes below 1900.


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