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 31, 2012

Fondul Proprietatea (FP) Technical Analysis 2012.01.31

FP (Fondul Proprietatea) shares price reached during in the past couple of sessions near to the level of 0,5000 RON/share and is recomanded to be cautious because we are under a resistance area (0.5000-0.5070 RON).

The most relevant support at this moment is the level of 0,4770 RON but the last session lows could be take into consider (0.4850 RON in this case).

Because the shares are traded close to a resistence and because of the last candle (which shows an indecision) who looks to a risk/reward ratio is unfavorable for an investor who follows a purchase. 

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