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Monday, November 9, 2009

BUMI.JK - Ranging Sideways (2275 - 2475)

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

3000

0% @ 3475

3250

SMA 15 @ 2566

Upper @ 3204

2850

38.2% @ 2709

3025

SMA 25 @ 2713

Middle @ 2604

2725

50% @ 2472

2600

SMA 50 @ 2895

Lower @ 2005

2550

61.8% @ 2235

2375 (Pivot)

-

-

2275

100% @ 1470

1950

-

-

2075

-

1725

-

-

1900

-

1300

-

-


Recommended Actions:

  • Buy @ 2275 (support line, Fibo 61.8%, and trendline support).
  • Average Buy @ 2075 (support line).
  • 1st Sell Target @ 2475 (Fibo 50%).
  • 2nd Sell Target @ 2550 (resistance line and SMA 15).
  • Stop loss (or simply wait) if the price goes below 1900.

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