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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Friday, February 10, 2012

SIF Muntenia (SIF4) Technical Analysis 2012.02.10

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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