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, February 17, 2012

Banca Transilvania (TLV) Tehnical Analysis 2012.02.17

The rally that started on December 20 seems exhausted at the level of 50% Fibonacci retracement compared to 2011 decline (May-December) and the price evolution from the last sessions shows the bears domination (at least temporary). 

The 1.0000-1.0100 RON area represents a support for the price and in case that it will be broke, the price can reach very quickly in the area of 0.9500 RON/share.

For investors with high risk approach, the 1.0100 RON area represents a good zone for purchase, with target in the last highs area (1.0650 RON level).

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