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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Thursday, January 26, 2012

SIF Banat-Crisana (SIF1) Technical Analysis 2012.01.26

SIF Banat-Crisana closed at 0.9100 Ron/share, keeping its evolution in the symmetrical triangle started on th 21st of November.

On the medium term we are looking at a consolidation pattern (triangle) that follows a bullish move (October-November) and which usually qualifies as a continuation pattern. As long as the price will move within this pattern, the bullish outlook still remains valid. Therefore, the buy signal is still active (

The first support is in the 0.9000 RON area, while the resistance is a zone: 0.9380-0.9500 RON. An eventual break above this area will confirm the bullish scenario. The first target zone is between the 1.0070 and 1.0770 RON levels and the second target is in the 1.3000 area (2011 april highs). 

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