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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Wednesday, February 22, 2012

SIF Muntenia (SIF4) Technical Analysis 2012.02.22

SIF Muntenia (SIF4) has the same price action as SIF1 in the last weeks but, the SIF4 price didn't reach yet in the 2011 highs area (0.8680 RON).

On short term, the first support is given by the 0.7330 RON level and the first resistance is at the level of 0,7880 RON. In case that, the bulls will not have the strength to lead and then to keep the price above the resistance, the market will have good chances for a broader correction.

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