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Tuesday, March 30, 2010

TLKM.JK - Buy on Weakness

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

8750

0% @ 8000

8633

SMA 15 @ 8370

Upper @ 8856

8600

38.2% @ 8687

8466

SMA 25 @ 8392

Middle @ 8373

8350

50% @ 8900

8333

SMA 50 @ 8757

Lower @ 7890

8150

61.8% @ 9112

8166 (Pivot)

-

-

8000

100% @ 9800

8033

-

-

7850

-

7866

-

-

7700

-

7733

-

-


Recommended Actions:

  • Buy @ 8000 (support line and Fibo 0%).
  • Average Buy @ 7850 (support line, pivot support, and lower Bollinger band).
  • 1st Sell Target @ 8350 (resistance line, pivot resistance, SMA 15, and middle Bollinger band).
  • 2nd Sell Target @ 8600 (resistance line and pivot resistance).
  • Stop loss (or simply wait) if the price goes below 7700.

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