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

SIF Banat-Crisana (SIF1) Technical Analysis 2012.01.25

SIF1 shares looks really good on medium term (a few months) since it is currently trading within a symmetrical triangle after a rising period, started in early October.

The main support to watch now is the 0,9000-0,9100 area and the bullish confirmation will come when the price will break above the upper triangle border (red dotted line).

The first target is in place at 1.0260 RON level but the classic target of the triangle is in the 1,2200 RON area, where the April 2011 highs were made.

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