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Tuesday, April 6, 2010

WIKA.JK - Posted by Request

Support and Resistance:


Line Studies

Fibonacci

Pivot

Moving Average

Bollinger

360

0% @ 365

380

SMA 15 @ 346

Upper @ 364

350

38.2% @ 340

372

SMA 25 @ 341

Middle @ 344

340

50% @ 332

361

SMA 50 @ 330

Lower @ 323

330

61.8% @ 324

353 (Pivot)

-

-

320

100% @ 300

342

-

-

-

-

334

-

-

-

-

323

-

-


Recommended Actions:

  • Buy @ 340 (support line, Fibo38.2%, pivot support, SMA 25, and middle Bollinger band).
  • Average Buy @ 330 (support line, Fibo 50%, pivot support, and SMA 50).
  • 1st Sell Target @ 360 (resistance line, Fibo 0%, pivot resistance, and upper Bollinger band).
  • 2nd Sell Target @ 380 (pivot resistance).
  • Stop loss (or simply wait) if the price goes below 320.

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