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Tuesday, December 8, 2009

ISAT.JK - Buy on Weakness (High Risk)


Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

5400

0% @ 6050

5200

SMA 15 @ 5081

Upper @ 5328

5250

38.2% @ 5266

5100

SMA 25 @ 5106

Middle @ 5094

5100

50% @ 5026

5050

SMA 50 @ 15312

Lower @ 4840

4975

61.8% @ 4783

4950 (Pivot)

-

-

4850

100% @ 4000

4900

-

-

4800

-

4800

-

-

-

-

4750

-

-


Recommended Actions:

  • Buy @ 4850 (support line and lower Bollinger band).
  • 1st Sell Target @ 5100 (resistance line, pivot resistance, SMA 25, and middle Bollinger band).
  • 2nd Sell Target @ 5250 (resistance line and Fibo 38.2%).
  • Stop loss (or simply wait) if the price goes below 4750.

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