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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Wednesday, January 25, 2012

Fondul Proprietatea (FP) Technical Analysis 2012.01.25

Fondul Proprietatea closed yesterday slightly below the opening price, after the shares traded as high as 0.4769 Ron during the day.

The most important area to watch now is the 0,4520-0,4600 RON, which was a previous resistance. The break above this area, at the beginning of this week, was produced on high volumes, creating though a healthy break.

An eventual decline towards the support could set the market for a good buy opportunity in case this support will hold.    

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