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Wednesday, March 24, 2010

BNBR.JK - Double Bottom

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

104

0% @ 83

88

SMA 15 @ 78

Upper @ 82

99

38.2% @ 79

85

SMA 25 @ 78

Middle @ 78

94

50% @ 78

82

SMA 50 @ 82

Lower @ 75

89

61.8% @ 77

79 (Pivot)

-

-

84

100% @ 74

76

-

-

78

-

73

-

-

75

-

70

-

-


Recommended Actions:

  • Buy @ 75 (support line, Fibo 100%, pivot support, and lower Bollinger band).
  • Average Buy @ 73 (support line).
  • 1st Sell Target @ 84 (resistance line, Fibo 0%, and pivot resistance).
  • 2nd Sell Target @ 89 (resistance line and pivot resistance).
  • Stop loss (or simply wait) if the price goes below 70.

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