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Wednesday, February 10, 2010

BNBR.JK - Good Risk Reward Ratio

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

109

0% @ 98

99

SMA 15 @ 86

Upper @ 96

104

38.2% @ 90

95

SMA 25 @ 88

Middle @ 86

99

50% @ 88

89

SMA 50 @ 90

Lower @ 77

94

61.8% @ 85

85 (Pivot)

-

-

89

100% @ 78

79

-

-

84

-

75

-

-

78

-

69

-

-


Recommended Actions:

  • Buy @ 78 (support line, Fibo 100%, pivot support, and lower Bollinger Band).
  • Average Buy @ 75 (pivot support).
  • 1st Sell Target @ 84 (resistance line, Fibo 61.8%, pivot point, SMA 15, and middle Bollinger Band).
  • 2nd Sell Target @ 89 (resistance line, Fibo 50%, pivot resistance, and SMA 25).
  • Stop loss (or simply wait) if the price goes below 69.

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