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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Monday, January 23, 2012

Apple keeps its bearish outlook. 2012.01.23

Apple price action is keeping the bearish outlook of the previous analysis (http://markettechnicalview.blogspot.com/2012/01/apple-signs-of-reversal-20120112.html) as the bulls failed again to clearly break the resistance zone.

The target in the $405.00-$409.00 is still in place and the Friday session added more bearishness to the chart. 


Posted by Adrian Filip at 2:25 PM
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