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, February 15, 2012

Alcoa support at $10.00

The buyers of Alcoa shares failed to reach the $11.20 target, pointing out their weakness (at least temporary) in front of the bears.

The last few trading days took the price to the first support in the $10.00 area and further obstacles in the Eurozone discussions related to Greece could influence the whole market. 

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