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 9, 2012

Erste Group Bank (EBS) Technical Analysis 2012.02.09

The evolution of the last session led to an increase of 7.6% in Erste Group Bank shares, thus approaching the lower limit  of the resistance area given from the beginning of January (

The strong performance from the last month can be attributed to many considerations but, the investors need to be cautious about the yet uncertain situation of Greece.

In technical terms, it has been established a daily support at 80.00 RON level which can be used by investors that have profit as exit signal (to those who act in the short term).

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