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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Thursday, March 1, 2012

Fondul Proprietatea (FP) Technical Analysis 2012.03.01

The FP shares price has almost reached the target of 0.6000 RON after the end of Wednesday's session marked an increase of over 5.00%.

The yesterday increase sets the first support at the level of 0.5670 RON and the first resistance is given by the 0,6000 RON target. In case of a broader correction, the first signal will come when the price will drop below the T1 trend line (the lower limit of the ascending channel).

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