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 24, 2012

SIF Oltenia (SIF5) Technical Analysis 2012.02.24

Although during the last session the price reached in the resistance zone of 1.4500 RON, the closing price settled at the level of 1.4280 RON.

Still maintain the high probability for a correction with the targets at 1.3240 and 1.2550 RON levels. The international markets evolutions will influence also the local market and in terms of investors' sentiment, an eventual profit taking in this area would be normal.

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