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

SIF Banat-Crisana (SIF1) Technical Analysis 2012.02.24

The lack of bulls' strength close to a strong resistance can be seen in the daily chart of SIF1 issuer.

The last days of the last week represented a new attempt to reach the target from 1.3000 RON area but the bears didn't wait and liquidated some of their shares in the 1.2500 RON area.

The first daily support (1.2245 RON) is standing really close to the last daily close and in the short term may be considered a sell level (in case that the price will drop below the support).

In case of a short and mid-term correction, the main target area is on 1.0770 RON.

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