Support and Resistance:
Line Studies | Fibonacci | Pivot | Moving Average | Bollinger |
7500 | 0% @ 7550 | 7733 | SMA 15 @ 6960 | Upper @ 7610 |
7000 | 38.2% @ 6996 | 7616 | SMA 25 @ 6882 | Middle @ 6967 |
6800 | 50% @ 6825 | 7383 | SMA 50 @ 6555 | Lower @ 6318 |
6550 | 61.8% @ 6653 | 7266 (Pivot) | - | - |
6350 | 100% @ 6100 | 7033 | - | - |
6050 | - | 6916 | - | - |
- | - | 6683 | - | - |
Recommended Actions:
- Buy @ 7000 (support line, Fibo 38.2%, pivot support, SMA 15, middle Bollinger band).
- Average Buy @ 6800 (support line and Fibo 61.8%).
- 1st Sell Target @ 7500 (resistance line).
- 2nd Sell Target @ 7600 (pivot resistance and upper Bollinger band).
- Stop loss (or simply wait) if the price goes below 6550.
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