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Monday, March 22, 2010

BUMI.JK - Buy on Weakness

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

2850

0% @ 2600

2750

SMA 15 @ 2436

Upper @ 2750

2725

38.2% @ 2428

2675

SMA 25 @ 2382

Middle @ 2458

2550

50% @ 2375

2625

SMA 50 @ 2509

Lower @ 2167

2425

61.8% @ 2321

2550 (Pivot)

-

-

2275

100% @ 2150

2500

-

-

2200

-

2425

-

-

2150

-

2375

-

-


Recommended Actions:

  • Buy @ 2425 (support line, Fibo 38.2%, pivot support, SMA 15, and middle Bollinger band).
  • Average Buy @ 2275 (support line).
  • 1st Sell Target @ 2550 (resistance line, and pivot point).
  • 2nd Sell Target @ 2725 (resistance line, pivot resistance, and upper Bollinger band).
  • Stop loss (or simply wait) if the price goes below 2150.

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