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Monday, March 29, 2010

AGRO.JK - Posted by Request

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

152

0% @ 113

150

SMA 15 @ 126

Upper @ 140

141

38.2% @ 130

140

SMA 25 @ 130

Middle @ 127

132

50% @ 135

133

SMA 50 @ 133

Lower @ 115

127

61.8% @ 140

123 (Pivot)

-

-

124

100% @ 158

116

-

-

120

-

106

-

-

114

-

99

-

-


Recommended Actions:

  • Buy @ 124 (support line, pivot point, and SMA 15).
  • Average Buy @ 120 (support line).
  • 1st Sell Target @ 132 (resistance line, Fibo 38.2%, pivot resistance, and SMA 50).
  • 2nd Sell Target @ 141 (resistance line, Fibo 61.8%, pivot resistance, and upper Bollinger band).
  • Stop loss (or simply wait) if the price goes below 114.

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