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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Tuesday, January 24, 2012

BRD Technical Analysis 2012.01.24

The bullish scenario on BRD is still active and we are, the most probable, in the retest phase of T1 line of the break-retest-continuation pattern expected since the beginning of the year ( ).
The support formed by T1 line and 10.47 RON level shows at least temporary interest on buyers behalf and could end the pullback of the break above T1 line from early January.

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