Support and Resistance:
Line Studies | Fibonacci | Pivot | Moving Average | Bollinger |
5600 | 0% @ 5650 | 6116 | SMA 15 @ 5343 | Upper @ 5828 |
5400 | 38.2% @ 5124 | 5883 | SMA 25 @ 5276 | Middle @ 5305 |
5300 | 50% @ 4962 | 5516 | SMA 50 @ 5075 | Lower @ 4783 |
5200 | 61.8% @ 4800 | 5283 (Pivot) | - | - |
5100 | 100% @ 4275 | 4916 | - | - |
5000 | - | 4683 | - | - |
4850 | - | 4316 | - | - |
Recommended Actions:
- Buy @ 5200 (support line).
- Average Buy @ 5100 (support line, Fibo 38.2%, SMA 50, and trendline support).
- 1st Sell Target @ 5400 (resistance line and SMA 15).
- 2nd Sell Target @ 5600 (resistance line and Fibo 0%).
- Stop loss (or simply wait) if the price goes below 5000.
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