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Tuesday, January 19, 2010

PGAS.JK - Speculative Buy

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

3875

0% @ 4075

4183

SMA 15 @ 3915

Upper @ 4128

3800

38.2% @ 3903

4091

SMA 25 @ 3921

Middle @ 3899

3725

50% @ 3850

3958

SMA 50 @ 3813

Lower @ 3670

3675

61.8% @ 3796

3866 (Pivot)

-

-

3575

100% @ 3625

3733

-

-

3500

-

3641

-

-

3450

-

3508

-

-


Recommended Actions:

  • Buy @ 3675 (support line, lower Bollinger band, and trendline support).
  • Average Buy @ 3500 (support line and pivot support).
  • 1st Sell Target @ 3875 (resistance line and pivot point).
  • 2nd Sell Target @ 4000 (resistance line).
  • Stop loss (or simply wait) if the price goes below 3450.

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