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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Wednesday, February 15, 2012

SIF Moldova (SIF2) - Analiza Tehnica

SIF Moldova (SIF2) recovered the entire decline from March-October of the last year and in terms of technically, the 1,5000 RON area represent a resistance.

On mid-term (last 4 months) the increasing trend is characterized by the T2 trend line and the closest support area is between levels of 1.3500 and 1.4000 RON.

The buying at these levels must be cautious because a markup of some profits will led to a correction, at least in the short term.

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