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 Transilvania (SIF3) Technical Analysis 2012.11.13

The resistance area established in August for the SIF3 shares maintains between 0.6250 and 0.6320 RON.

The bears have intervened in the market near the 61.8% Fibonacci retracement level of the AB decline generated by granting the dividend. In the next days the support area remains at 0.5855 RON. If the price will fall below the actual support, is likely to see the price of the SIF3 shares near the 0.5500%area in the coming weeks.

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