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Monday, April 19, 2010

BBRI.JK - Buy on Weakness

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

8950

0% @ 9050

10033

SMA 15 @ 8463

Upper @ 9011

8700

38.2% @ 8247

9416

SMA 25 @ 8220

Middle @ 8287

8400

50% @ 8000

9283

SMA 50 @ 7806

Lower @ 7562

8200

61.8% @ 7752

8666 (Pivot)

-

-

8050

100% @ 6950

8533

-

-

7850

-

7916

-

-

7700

-

7783

-

-


Recommended Actions:

  • Buy @ 8050 (support line and Fibo 50%).
  • Average Buy @ 7850 (support line, pivot support, and SMA 25).
  • 1st Sell Target @ 8700 (resistance line and pivot point).
  • 2nd Sell Target @ 8950 (resistance line and upper Bollinger band).
  • Stop loss (or simply wait) if the price goes below 7700.

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