Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Wednesday, June 26, 2013

Blackberry technical analysis - update

This is a great bullish scenario as the stock has been traded in a symmetrical triangle in the past 5 months.

The short and mid term moving averages are holding as supports while the volumes traded have been lighter and lighter as the triangle was forming.

Further more, the consolidation (triangle) was formed above a strong key area ($12.00 - $12.60) after breaking up from record lows created in September of 2012.

The first resistance is at $18.00 but the main target is in the $25.00 area. I expect acceleration when the price will end this triangle (above $15.50).

Next earnings report is due on this Friday so be careful for the large moves in price.


Thursday, April 4, 2013

Blackberry technical analysis


Blackberry still has a good growing potential as the volumes picked up this year and the price is stabilized above the 50 and 100 moving averages.

There was a H&S pattern that was formed in the July-October 2012 period which has been identified and posted on the blog on November 13th : http://markettechnicalview.blogspot.ro/2012/11/rim-blackberry-price-action-points-to.html .

In the same manner, there has been formed a larger H&S structure from December 2011 until now. The internals of price movement between $12.60 and $17.90 provides bullish signals. The first resistance is in the $17.90 area, while the main target on the mid-term is close to $25.



Thursday, March 28, 2013

Zynga - update


This is an updated chart of Zynga, where the price has moved down towards the main support of $3.30.
The volumes traded in the last few week were clearly lower than the volumes on the important breaks of resistances in the last months. This could be a clear sign of accumulation.

The moving averages are also showing a good support in the $3.30 area and the first target is in the $4.45 area.

The news are also very important for Zynga these days: the launch of poker gaming on-line in UK will make some noise in the market.



Tuesday, March 12, 2013

Zynga - the good news and the technicals are converging


Here is a 4h chart of Zynga. After the good news regarding the on-line gambling in some US states and the good technical perspective, this stock could turn out to be a great investment for the following months.

The buyers overcame the level of $3.25, which seemed to be the most important resistance in the period December 2012 - February 2013.

The volumes are also playing an important role in a stock price and in this case we can obviously see a increase in the last couple of months.

The first target is at $4.50 but the potential is much higher.


Ja Solar is set for a rise


Ja Solar hold its support area ($4.25-$4.50) and now is trading slightly below the $5.00 level.

The volumes are confirming a rising scenario and the most important levels for the previous weeks are $4.25 as a support, $6.00 and $7.60 as resistances/targets.

The investors should bear in mind the date of 25 March when the company will post the earnins announcement.


Friday, February 8, 2013

EURUSD analysis


The previous analysis on EURUSD ( http://markettechnicalview.blogspot.ro/2013/02/eur-usd-analysis-reversal-time.html ) pointed out a reversal on the daily chart as 3 main projections were targeting the 1.3700 area.

Here are some important support areas that will hold or even reverse the direction in case the dollar will regain confidence in the next days/weeks.


Thursday, February 7, 2013

Apple vs. Samsung analysis

Both of the tech shares rose sharply since early 2009, APPLE reaching above 400% while SAMSUNG is at 290%.

In the majority of the time APPLE over-performed SAMSUNG but in the last five months the decline in the APPLE shares reversed the ratio.

I wonder if this is a sign of reverse in the investor's sentiment regarding the two largest tech companies in the world. If APPLE will fail to amaze its fans in 2013, than buying  SAMSUNG shares could be the perfect investment for those who want to keep their money in this sector.