SIF Muntenia (SIF4) was among the most performance companies in the previous session, managing to brake the resistance from the level of 0.7330 RON which became now the first support.
Last summer (between May 18 and July 7) was a consolidation period for the SIF4 shares price and for this reason was expected that investors to react in the 0.6930-0.7330 RON area.
Although the price breached this area, it remains yet important and it is set for the next period as support zone.
The target for the rise of SIF4 shares is now given by the last year highs, at, 0.8700 RON level, but there is an intermediate resistance at 0.8000 RON. Although, the trend from the last months is strongly ascending, is recommend PRECAUTION!
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