Support and Resistance:
Line Studies | Fibonacci | Pivot | Moving Average | Bollinger |
8700 | 0% @ 8350 | 8850 | SMA 15 @ 7876 | Upper @ 8383 |
8450 | 38.2% @ 7834 | 8600 | SMA 25 @ 7878 | Middle @ 7932 |
8200 | 50% @ 7675 | 8300 | SMA 50 @ 7876 | Lower @ 7474 |
7850 | 61.8% @ 7515 | 8050 (Pivot) | - | - |
7650 | 100% @ 7000 | 7750 | - | - |
7300 | - | 7500 | - | - |
7000 | - | 7200 | - | - |
Recommended Actions:
- Buy @ 7850 (support line and Fibo 38.2%).
- Average Buy @ 7650 (support line, Fibo 50%, and trendline support).
- 1st Sell Target @ 8200 (resistance line).
- 2nd Sell Target @ 8450 (resistance line).
- Stop loss (or simply wait) if the price goes below 7300.
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