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.

Search This Blog

Friday, January 27, 2012

SIF Muntenia (SIF4) Technical Analysis 2012.01.27

SIF Muntenia (SIF4) share price reached the TARGET zone set in one of the previous analysis (http://markettechnicalview.blogspot.com/2012/01/analiza-tehnica-sif-muntenia-sif4.html ).

The current resistance zone, between the 0.6150 and 0.6400 RON levels could be a reason for some profit taking and therefore, a sell signal (at least part of positions) is given.

The rising trend could go on in the next weeks but, for confirmation, a break of current resistance should occur. 


Posted by Adrian Filip at 10:08 AM
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)