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Wednesday, April 14, 2010

MEDC.JK - Buy on Weakness

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

3325

0% @ 2975

3000

SMA 15 @ 2633

Upper @ 2761

3150

38.2% @ 2678

2875

SMA 25 @ 2638

Middle @ 2628

2975

50% @ 2587

2800

SMA 50 @ 2531

Lower @ 2495

2775

61.8% @ 2496

2675 (Pivot)

-

-

2600

100% @ 2200

2600

-

-

2400

-

2475

-

-

2200

-

2400

-

-


Recommended Actions:

  • Buy @ 2775 (support line and pivot support).
  • Average Buy @ 2600 (support line, Fibo 50%, pivot support, and trendline suppprt).
  • 1st Sell Target @ 3150 (resistance line).
  • 2nd Sell Target @ 3325 (resistance line).
  • Stop loss (or simply wait) if the price goes below 2400.

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