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

SIF Banat-Crisana (SIF1) Technical Analysis 2012.02.09

The last analysis of SIF Banat-Crisana issuer shows the importance of 1.0000-1.0770 RON area ( and it gave a profit markup signal of more than 11.5%.

The investors optimism led to a strong upward evolution in the last 5 sessions, thus making the price not to oscillate too much in the mentioned above area.  

Further on, the next target is given by the 2011 year highs, in the 1.3000 RON area, but without giving a buying signal. Even in this rhythm a few days of correction is possible. In this case, a successfully retest of 1.0770 RON support would create a profitable buying scenario.

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