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Monday, December 7, 2009

BNBR.JK - Good Risk Reward Ratio


Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

115

0% @ 144

115

SMA 15 @ 97

Upper @ 112

108

38.2% @ 108

108

SMA 25 @ 96

Middle @ 98

103

50% @ 97

102

SMA 50 @ 111

Lower @ 85

99

61.8% @ 85

95 (Pivot)

-

-

94

100% @ 50

89

-

-

89

-

82

-

-

84

-

76

-

-


Recommended Actions:

  • Buy @ 94 (support line and pivot point).
  • Average Buy @ 89 (support line and pivot support).
  • 1st Sell Target @ 99 (resistance line and middle Bollinger band).
  • 2nd Sell Target @ 103 (resistance line and pivot resistance).
  • Stop loss (or simply wait) if the price goes below 84.

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