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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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 ( ).

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. 

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