Support and Resistance:
Line Studies | Fibonacci | Pivot | Moving Average | Bollinger |
5800 | 0% @ 5850 | 6616 | SMA 15 @ 6553 | Upper @ 6031 |
5600 | 38.2% @ 5248 | 6233 | SMA 25 @ 6484 | Middle @ 5543 |
5400 | 50% @ 5062 | 6016 | SMA 50 @ 5335 | Lower @ 5055 |
5300 | 61.8% @ 4876 | 5633 (Pivot) | - | - |
5200 | 100% @ 4275 | 5416 | - | - |
5100 | - | 5033 | - | - |
5000 | - | 4816 | - | - |
Recommended Actions:
- Buy @ 5300 (support line, Fibo 38.2%, SMA 50, and trendline support).
- Average Buy @ 5100 (support line).
- 1st Sell Target @ 5600 (resistance line and pivot point).
- 2nd Sell Target @ 5800 (resistance line and Fibo 0%).
- Stop loss (or simply wait) if the price goes below 5000.
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