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

Verizon Communications (VZ) resuming the up-trend. 2012.03.06

Verizon Communication made yesterday the third consecutive rising day and breaching the previous local high, attracting though the investors’ attention.

The trend on the mid-term is bullish, having higher highs and higher lows and the January bear channel turned out to be just a short term correction.

The most important support is in the $37.70 area and, if the bulls will sustain their bids, the late December highs ($40.27) could be breached in the near term.

The target for the previous months is in the $42.20 area.    

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