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 17, 2012

SIF Transilvania (SIF3) Technical Analysis 2012.02.17

The SIF3 shares price is maintaining in the ascending narrow channel even if during the last session was trading at lower levels (intraday).

On mid-term (few months) the most important support zone is given by the T1 trend line and by the levels of 0.6100-0.6300 RON and in case that this will be broke, the chances of a broad correction will increase considerably.

For investors who follow a purchase, the best area would be the 0.6100-0.6300 RON area because it offers a very good risk/reward ratio. The stop loss level can be considered below the support level of 0.6100 RON (it can take into consideration the T1 trend line also) and the increasing possibility will be given by the previous highs from the 0.6730 RON area.

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