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

BET-FI Technical Analysis 2012.02.13

BET-FI Index closed the last session of the week at 24.412 level, in slight decrease, thus maintaining in the 24.500-25.000 resistance area, marked in the previous analysis.

Further, if the situation of the international markets will get worse, it is expected that investors to mark some their profits, thus generating a correction.

The first support is given by 24.000 level but, in the case of a correction, the first target zone is between 22.700-23.000 levels.

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