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, November 13, 2012

SIF Banat-Crisana (SIF1) Technical Analysis 2012.11.13


The SIF1 shares price entered today in the support area between 1.1000 and 1.1300 RON. The resistance area at 1.1850 RON led to the formation of a double high.


The medium-term growth target remains in the area of 1.3000 RON and if the bulls will intervene in the support area, the growth chances will increase.

The decreasing scenario will lead to a price decline below the 1.1000 RON level, then followed by an eventual retest of the current support area which will act as a resistance in this case. 


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