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 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 ( ) 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.  

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