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 24, 2012

Fondul Proprietatea (FP) Technical Analysis 2012.02.24

Fondul Proprietatea (FP) securities have experienced the most important increase in BET and BET-FI in the last session.

The daily chart shows the trading history since the listing date and the level of 0.5670 RON represents a resistance for the price. In the last weeks the price hesitated near the value of 0.5380 RON, level that represents the 50% retracement from 2011 year decline.

The further increasing chances maintain valid but, the investors must take into consideration the international markets evolution. The first relevant level of support is at 0.5380 RON level.  

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