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 Muntenia (SIF4) Technical Analysis 2012.01.25

SIF Muntenia (SIF4) shares are recovering after a lagging period in which other financial shares outperformed the benchmark (BET-FI index).

Although the price moved in the target zone in yesterday’s session, the closing price settled below the first resistance of 0.6150 RON. The daily support is at the 0,5900 RON level and a close below it will give a selling signal.

The great volumes of this year could give the buyers the strength to break the resistance zone (as happened to SIF Moldova) therefore, the buying signal gave early this year is still in place ( 

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