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.
Friday, November 11, 2011
Thursday, November 10, 2011
I have been monitoring CSCO for a few months now.Today CSCO is 6.5 % up in pre open market.
If we get a successfull close today above 18.50 and we also get some nice volume readings, i think we can safely say Cisco is a good candidate for some upwards action in the comming weeks.
More after the open....
Now that we know we should move much lower, the question is how are we going to get there.With all the late italian monster volatility is this going to be the perfect opportunity ?
Wednesday, November 9, 2011
The DAX on 1 hour timeframe is right on the 5740 support.It has been tested 5 times already.
Will it fail this time, or is this the perfect Risk Reward opportunity for the bulls ?
I will be watching it closely tonight as the Nyse is about to open.Anyway in case the support holds the target is 6092 and in case it fails....well i am looking to the previous lows of september.