Support and Resistance:
Line Studies | Fibonacci | Pivot | Moving Average | Bollinger |
8200 | 0% @ 8050 | 8316 | SMA 15 @ 7656 | Upper @ 8030 |
8050 | 38.2% @ 7572 | 8133 | SMA 25 @ 7722 | Middle @ 7695 |
7850 | 50% @ 7425 | 7916 | SMA 50 @ 7568 | Lower @ 7361 |
7700 | 61.8% @ 7277 | 7733 (Pivot) | - | - |
7550 | 100% @ 6800 | 7516 | - | - |
7400 | - | 7333 | - | - |
- | - | 7116 | - | - |
Recommended Actions:
- Buy @ 7700 (support line, pivot point, SMA 25, and middle Bollinger band).
- Average Buy @ 7550 (support line, Fibo 38.2%, and SMA 50).
- 1st Sell Target @ 8050 (resistance line, Fibo 0%, and upper Bollinger band).
- 2nd Sell Target @ 8200 (resistance line).
- Stop loss (or simply wait) if the price goes below 7400.
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