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

Erste Group Bank (EBS) Technical Analysis 2012.02.13

The last 3 trading sessions created a sell signal for Erste Bank Group shares.

The first target given yet since January ( was missed by a little on Thursday session and is still a resistance for the price.

The 80.00 RON level still remains an active support and can be consider a sell signal in case that it will be breached. The 60.20-69.70 RON area it is established as a stronger support and as a target to decrease in case of a short term correction (within a few weeks).

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