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Monday, March 22, 2010

SGRO.JK - Testing Trendline Support

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

3050

0% @ 3100

2858

SMA 15 @ 2691

Upper @ 2829

2875

38.2% @ 2698

2816

SMA 25 @ 2704

Middle @ 2710

2725

50% @ 2575

2758

SMA 50 @ 2782

Lower @ 2591

2600

61.8% @ 2451

2716 (Pivot)

-

-

2525

100% @ 2050

2658

-

-

2375

-

2616

-

-

-

-

2558

-

-


Recommended Actions:

  • Buy @ 2600 (support line, pivot support, and lower Bollinger band).
  • Average Buy @ 2525 (support line).
  • 1st Sell Target @ 2725 (resistance line, pivot point, and middle Bollinger band).
  • 2nd Sell Target @ 2875 (resistance line).
  • Stop loss (or simply wait) if the price goes below 2375.

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