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

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Thursday, January 26, 2012

Banca Transilvania (TLV) Tehnical Analysis 2012.01.26

The Transilvania Bank share price reacted to the 0.9000 RON support due to buyers actions, confirming though the bullish scenario.

The buy opportunity signaled last Tuesday (http://markettechnicalview.blogspot.com/2012/01/analiza-tehnica-banca-transilvania-tlv_17.html ) is still active and investors could buy even today in the same price area.

The first target is set at the 0.9590 Ron level, given by previous key levels. As shown in the chart, the rising possibility could bring prices towards the 1.0000 RON area. This will be confirmed in case of breaking up the first resistance and transforming it into a support.  


Posted by Adrian Filip at 12:16 PM
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