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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Monday, April 23, 2012

United Technologies Corp (UTX) - Technical Analysis. 2012.04.23

The last six months in the United Technologies Corp created a bullish trend but the short term trend is bearish (last few weeks) and the T1 trend line acts as a support for the price.

The $81.50 level is a resistance set by the previous local lows (at the beginning ant at the end of March) and an eventual break below the T1 trend line will give a selling signal for the investors.

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