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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Tuesday, February 21, 2012

SIF Moldova (SIF2) Technical Analysis 2012.02.21

SIF Moldova securities (SIF2) are maintained after the first session of the week below the resistance level given by last years highs, at 1.5000 RON.

In technical terms, the buying at these prices is risky because, in case of an eventual correction, the assumed risk is too high. As support levels for the price, there is the trend line T1 and the 1.3500-1.4000 RON area.

For investors who hold shares and wish to establish an exit level in case of a reverse, a decline below the supports mentioned above can be considered a sell signal.

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