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 28, 2012

SIF Moldova (SIF2) Technical Analysis 2012.02.28

The SIF2 shares price swings in the 2011 highs area, the balance point from the last weeks being at the 1.4500 RON level.

On mid-term, the T1 trend line characterizes the uptrend and, along with the 1.4000 RON horizontal level, form a strong support for the price.

An eventual break of the T1 trend line will activate the next immediate support from the 1.3500 RON level but the chances for an ampler correction in this context will increase.

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