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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Thursday, January 5, 2012

Apple has its own way!

This is a quick update of the Apple daily chart of December 15th (find analysis here). As expected, the long term trend line acted as a support and buyers took control in $380 area.

We are looking now for some signs in the resistance zone, set by previous highs in the $420 area. As a protection measure, those who bought in the $380 zone can sell part of their position.

The first sign of a larger decline will be in place only if the trend line will be breached. 

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