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Wednesday, January 13, 2010

CTRP.JK - Buy on Weakness

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

355

0% @ 305

395

SMA 15 @ 260

Upper @ 313

335

38.2% @ 278

350

SMA 25 @ 261

Middle @ 268

310

50% @ 270

325

SMA 50 @ 276

Lower @ 223

290

61.8% @ 261

280 (Pivot)

-

-

275

100% @ 235

255

-

-

255

-

210

-

-

240

-

185

-

-


Recommended Actions:

  • Buy @ 275 (support line, Fibo 38.2%, pivot point, and SMA 50).
  • Average Buy @ 255 (support line, Fibo 61.8%, pivot support, SMA 15, and SMA 25).
  • 1st Sell Target @ 310 (resistance line and upper Bollinger band).
  • 2nd Sell Target @ 335 (resistance line).
  • Stop loss (or simply wait) if the price goes below 240.

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