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

Fondul Proprietatea (FP) Technical Analysis 2012.01.24

FP shares price rose consistently in the past couple of sessions, managing to break above the mid-term resistance zone of 0,4520-0,4600 RON.

The market optimism is clearly reflected in price and, although the momentum could slow down, the investors should look for support levels in order to buy. This way, they will have a good risk/reward ratio.

The next resistance/target zone is set in between the  0,4800 and 0,4960 RON levels. 

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