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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Monday, February 6, 2012

Bank Of America is on its way to $8.40 target

The previous analysis of Bank of America ( pointed towards the uptrend resuming, heading for the $8.40 target.

The $7.40 temporary resistance was broken by the bulls and it represents now the firs support. Friday’s session closed near $8.00 level which is a psychological one and could involve many transactions.

The main focus of these days is at Greek debt discussions. The lack of news will probably make investors to worry and mark some profits.  

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