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 3, 2012

BRD-Groupe Societe Generale (BRD) Technical Analysis 2012.02.03

The BRD issuer shares price had a good evolution in the Thursday’s session and, the purchases from pre-closing showed the investor’s interest for this share.

Because of the breaching of previous highs, a new support level at 11.40 RON is settled and the target remains unchanged, in the 12.00-12.20 RON area.

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