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 1, 2012

BRD-Groupe Societe Generale (BRD) Technical Analysis 2012.02.01

The chances remains in favor of increasing BRD shares price, even if the buyers failed in the previous session to breach the highs from the beginning of the week (11.40 RON).

The first support level is at 11.00 RON and this provided its quality in the past sessions. The target area remains the same: between the levels of 12.00 RON and 12.20 RON. An eventual close below the support will signal an exit with a small loss.

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