Support and Resistance:
Line Studies | Fibonacci | Pivot | Moving Average | Bollinger |
9400 | 0% @ 8800 | 8750 | SMA 15 @ 8496 | Upper @ 9057 |
9250 | 38.2% @ 8551 | 8600 | SMA 25 @ 8650 | Middle @ 8592 |
9000 | 50% @ 8475 | 8450 | SMA 50 @ 9040 | Lower @ 8128 |
8750 | 61.8% @ 8398 | 8300 (Pivot) | - | - |
8600 | 100% @ 8150 | 8150 | - | - |
8350 | - | 8000 | - | - |
8150 | - | 7850 | - | - |
Recommended Actions:
- Buy @ 8600 (support line, Fibo 38.2%, pivot support, and middle Bollinger band).
- Average Buy @ 8350 (support line, Fibo 61.8%, and pivot point).
- 1st Sell Target @ 8750 (resistance line and pivot resistance).
- 2nd Sell Target @ 9000 (resistance line and upper Bollinger band).
- Stop loss (or simply wait) if the price goes below 8150.
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