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 Moldova (SIF2) Technical Analysis 2012.02.02

SIF Moldova (SIF2) along with SIF Transilvania, is one of the best performing components of BET-FI Index of the last months, managing to recover almost the entire 2011 decline.

The mid-term trend (started in 04 October) is obviously ascending, but the buying at this levels is risky because of the last year highs which represents the resistance for the price. 

Also, the evolution price from the last session led to the creation of a doji type candle and a gap and this is typical for a reversion. THE UPWARD TREND CAN CONTINUE nevertheless, for safety, it should be set an exit level (sell) in case that we assist to a local high. The best and the most near level is given by the close session on Tuesday, at 1.3490 RON level.

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