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Tuesday, April 6, 2010

MNCN.JK - Posted by Request

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

380

0% @ 380

366

SMA 15 @ 312

Upper @ 404

345

38.2% @ 315

353

SMA 25 @ 284

Middle @ 301

320

50% @ 295

336

SMA 50 @ 257

Lower @ 197

300

61.8% @ 274

323 (Pivot)

-

-

275

100% @ 210

306

-

-

250

-

293

-

-

-

-

276

-

-


Recommended Actions:

  • Buy @ 345 (support line).
  • Average Buy @ 320 (support line, Fibo 38.2%, and pivot point).
  • 1st Sell Target @ 380 (resistance line and Fibo 0%).
  • 2nd Sell Target @ 400 (upper Bollinger band).
  • Stop loss (or simply wait) if the price goes below 300.

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