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Wednesday, November 18, 2009

BNBR.JK - Speculative Buy on Possible Breakout

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

104

0% @ 144

109

SMA 15 @ 95

Upper @ 131

99

38.2% @ 108

103

SMA 25 @ 107

Middle @ 101

94

50% @ 97

97

SMA 50 @ 119

Lower @ 70

89

61.8% @ 85

91 (Pivot)

-

-

84

100% @ 50

85

-

-

78

-

79

-

-

-

-

73

-

-


Recommended Actions:

  • Buy @ 94 (support line and SMA 15).
  • Average Buy @ 89 (support line).
  • 1st Sell Target @ 99 (resistance line).
  • 2nd Sell Target @ 104 (resistance line and pivot resistance).
  • Stop loss (or simply wait) if the price goes below 84.

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