Support and Resistance:
Line Studies | Fibonacci | Pivot | Moving Average | Bollinger |
7650 | 0% @ 7800 | 8533 | SMA 15 @ 7313 | Upper @ 7963 |
7500 | 38.2% @ 7150 | 8166 | SMA 25 @ 7088 | Middle @ 7202 |
7150 | 50% @ 6950 | 7783 | SMA 50 @ 6793 | Lower @ 6441 |
7000 | 61.8% @ 6749 | 7416 (Pivot) | - | - |
6800 | 100% @ 6100 | 7033 | - | - |
6550 | - | 6666 | - | - |
6350 | - | 6283 | - | - |
Recommended Actions:
- Buy @ 7150 (support line and Fibo 38.2%).
- Average Buy @ 6800 (support line, Fibo 61.8%, and SMA 50).
- 1st Sell Target @ 7500 (resistance line).
- 2nd Sell Target @ 7800 (Fibo 0% and pivot resistance).
- Stop loss (or simply wait) if the price goes below 6550.
0 comments:
Post a Comment