Support and Resistance:
Line Studies | Fibonacci | Pivot | Moving Average | Bollinger |
8700 | 0% @ 8600 | 9200 | SMA 15 @ 7996 | Upper @ 8558 |
8200 | 38.2% @ 7988 | 8800 | SMA 25 @ 7866 | Middle @ 8012 |
7850 | 50% @ 7800 | 8600 | SMA 50 @ 7925 | Lower @ 7466 |
7650 | 61.8% @ 7611 | 8200 (Pivot) | - | - |
7300 | 100% @ 7000 | 8000 | - | - |
- | - | 7600 | - | - |
- | - | 7400 | - | - |
Recommended Actions:
- Buy @ 8200 (support line and pivot point).
- Average Buy @ 7850 (support line, Fibo 50%, and SMA 25).
- 1st Sell Target @ 8600 (Fibo 0%, pivot resistance, and upper Bollinger band).
- 2nd Sell Target @ 8800 (pivot resistance).
- Stop loss (or simply wait) if the price goes below 7650.
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