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.

Search This Blog

Tuesday, March 6, 2012

Banca Transilvania (TLV) Tehnical Analysis 2012.03.06

The Banca Transilvania shares price breached in yesterday's session the first target fixed in the 1.0500-1.06500 RON area and the higher volume than the average of the last weeks together with the strong closing are maintaining the chances for further increasing.

The buying signal given on 29th of February ( has a yield of over 4.5% after yesterday's session but, the price can continue its growth.

The daily support is now given by the previous resistance area (1.0500-1.0650 RON) and the target is represented by the 1.1200-1.1600 RON area.

No comments:

Post a Comment