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Tuesday, December 8, 2009

LSIP.JK - Buy on Weakness


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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