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 1, 2012

SIF Oltenia (SIF5) Technical Analysis 2012.02.01

Share price of SIF Oltenia (SIF5) reached very close to the 50% Fibonacci retracement of April-October 2011 decline.

Although the investor sentiment is strongly positive in recent weeks, the 1.2500-1.3500 RON area represents a resistence zone for the price. Buying in this area provides an unsatisfactory risk/reward yield.  

Trend T1 line characterizes the upward movement from the last months and along with the horizontal level of 1.1500 RON creates a good support.

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