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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Thursday, February 23, 2012

Bursa de Valori Bucuresti (BVB) Technical Analysis 2012.02.23

BVB shares price suffered a correction in the last two weeks, when the bears ocurred in the market, close of the 36.50 RON resistance.

The last couple of sessions led to a decrease of 5.7% and 33.00 RON level represents a temporary support. The next important support is given by the level of 30.00 RON, the zone where have settled previous local lows and highs.

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