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Wednesday, April 21, 2010

BBTN.JK - Speculate on Triangle

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

1650

0% @ 1650

1746

SMA 15 @ 1488

Upper @ 1776

1600

38.2% @ 1405

1673

SMA 25 @ 1360

Middle @ 1424

1530

50% @ 1330

1606

SMA 50 @ 1212

Lower @ 1073

1490

61.8% @ 1254

1533 (Pivot)

-

-

1450

100% @ 1010

1466

-

-

-

-

1393

-

-

-

-

1326

-

-


Recommended Actions:

  • Buy @ 1530 (support line and pivot point).
  • Average Buy @ 1490 (support line, SMA 15, and trendline support).
  • 1st Sell Target @ 1650 (resistance line and Fibo 0%).
  • 2nd Sell Target @ 1750 (pivot resistance and upper Bollinger band).
  • Stop loss (or simply wait) if the price goes below 1450.

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