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.
Thursday, March 1, 2012
Tuesday, February 28, 2012
- 1. In case that the price consolidates around the 1.2245 RON value for the next days, the price can move relatively quickly towards the 1.3000 RON target and the last two weeks period will represents only a lateral correction.
- 2. A decline of international markets will also influence the investors from Romania and SIF shares will suffer, most likely, a zig-zag type correction, which can lead the prices by 1.0770 RON area.