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Thursday, December 17, 2009

BUMI.JK - Longterm Overview


Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

3400

0% @ 3475

3558

SMA 15 @ 2545

Upper @ 2820

3000

38.2% @ 2709

3216

SMA 25 @ 2499

Middle @ 2520

2850

50% @ 2472

2783

SMA 50 @ 2651

Lower @ 2220

2550

61.8% @ 2235

2441 (Pivot)

-

-

2150/2200

100% @ 1470

2008

-

-

2075

-

1666

-

-

1900

-

1233

-

-


Recommended Actions:

  • Buy @ 2200 (support line, Fibo 61.8%, lower Bollinger band, and trendline support).
  • Average Buy @ 2075 (support line and pivot support).
  • 1st Sell Target @ 2850 (resistance line and upper Bollinger band).
  • 2nd Sell Target @ 3000 (resistance line).
  • Stop loss (or simply wait) if the price goes below 1900.

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