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 2, 2012

SIF Banat-Crisana (SIF1) Technical Analysis 2012.02.02

The buying signal given on 12 January ( in the price area of 0.9240 RON has a yield of over 11.4%.

Last candle shape (hammer type) and the present price in the resistence area given by relevant Fibonacci levels and by previous highs give a signal for profit markup.

In case that 1.0000 RON level will settle as validated support (successfully tasted) will exist new buying opportunities with the target in the last year highs area (1,3000 RON area).

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