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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Tuesday, March 6, 2012

SIF Banat-Crisana (SIF1) Technical Analysis 2012.03.06

The chances are high that SIF1 be into a distribution zone in the last 3 weeks and which can lead to an intermediate term correction (more than one month).

Yesterday’s session closed at the 1.1950 RON level, thus moving away from the equilibrium level of the last weeks at 1.2245 RON. Also, the traded volume in the yesterday session, higher than the volumes in the last 7 sessions, shows the negative sentiment (or preventive) of investors. 

In case of a correction, the first relevant support will be given by the 1.0070 - 1.0770 RON area and the T1 trend line.

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