Support and Resistance:
Line Studies | Fibonacci | Pivot | Moving Average | Bollinger |
5500 | 0% @ 5350 | 5516 | SMA 15 @ 5108 | Upper @ 5621 |
5400 | 38.2% @ 5197 | 5433 | SMA 25 @ 5273 | Middle @ 5203 |
5300 | 50% @ 5150 | 5266 | SMA 50 @ 5368 | Lower @ 4783 |
5200 | 61.8% @ 5102 | 5183 (Pivot) | - | - |
5100 | 100% @ 4950 | 5016 | - | - |
4975 | - | 4933 | - | - |
4850 | - | 4766 | - | - |
Recommended Actions:
- Buy @ 5100 (support line, Fibo 61.8%SMA 15, and trendline support).
- Average Buy @ 4975 (support line).
- 1st Sell Target @ 5200 (resistance line, Fibo 38.2%, and middle Bollinger band).
- 2nd Sell Target @ 5300 (resistance line).
- Stop loss (or simply wait) if the price goes below 4850.
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