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 13, 2012

Bank Of America reacted to $8.40 resistance

Bank of America made a high last week close to the target of $8.40 that was given in early January (http://markettechnicalview.blogspot.com/2012/01/bank-of-america-broke-important-trend.html) .

The first support is now at $7.64 and this can be the sell signal for those who want to keep their positions.


Posted by Adrian Filip at 3:42 PM
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