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.
0 comments:
Post a Comment