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.
0 comments:
Post a Comment