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

Erste Group Bank (EBS) Technical Analysis 2012.01.23

Erste Group Bank broke above the key level of 60.22 RON last week and the scenario posted in the previous analysis is in place (   )

A buy signal occurred here targeting the broad area between the 89.23 and 114.95 levels. There could be a retest of 60.22 RON level, which is a support now.

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