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. 

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.

SIF Banat-Crisana (SIF1) Technical Analysis 2012.03.06

The chances are high that SIF1 be into a distribution zone in the last 3 weeks and which can lead to an intermediate term correction (more than one month).

Yesterday’s session closed at the 1.1950 RON level, thus moving away from the equilibrium level of the last weeks at 1.2245 RON. Also, the traded volume in the yesterday session, higher than the volumes in the last 7 sessions, shows the negative sentiment (or preventive) of investors. 

In case of a correction, the first relevant support will be given by the 1.0070 - 1.0770 RON area and the T1 trend line.

Banca Transilvania (TLV) Tehnical Analysis 2012.03.05

The buying signal given last week (http://en.goldring.ro/analysis_details.php?analyse_id=2226) remains valid as long as the price will not decrease below the support level of 1.000 RON.

The small volumes in recent weeks are specific to a price consolidation and favor a new appreciation movement but, for confirmation, the volumes should rise as the price forwards towards the first resistance from the 1.0500 RON area.

The concerned target is in the 1.1200-1.1600 RON area but, in the first phase, it remains to be seen the price action around the value of 1.0500 RON.

SIF Transilvania (SIF3) - Elliott Wave Analysis. 2012.03.01

The Elliott Wave analysis of SIF3 shows the 5 wave ascending evolution of the price since the 9^th of august.

In the last couple of months the price has evolved in a bullish channel that was formed by connecting the lows of waves ii and iv of the larger degree wave 5. The 2^nd and 4^th corrective waves respected the alternation principle and the projections for wave 5 are pointing to a resistance zone between the 0.6930 RON and 0.7250 RON levels.

The volumes are confirming the bull trend of the last 7 months and bearish divergence of the MACD indicator between the 3^rd and the 5^th wave (which is still in progress) is growing the probability of a near term correction.

The bearish divergence between wave ii and v of the 5^th wave is clearer on the more detailed chart (below). However, this last wave can be extended which is why a correction will be more conclusive if the price will break below the lower limit of the current bullish channel (around 0.6750 RON at this moment).

In case of a reversal in the near term, the correction move on the mid-term (intermediary) will probably develop as an A-B-C pattern which will target the 0.5500-0.5600 RON area and the 0.5000 RON area. The length of an intermediary correction could easily last for a few months.  

   

Fondul Proprietatea (FP) Technical Analysis 2012.03.01

The FP shares price has almost reached the target of 0.6000 RON after the end of Wednesday's session marked an increase of over 5.00%.

The yesterday increase sets the first support at the level of 0.5670 RON and the first resistance is given by the 0,6000 RON target. In case of a broader correction, the first signal will come when the price will drop below the T1 trend line (the lower limit of the ascending channel).

SIF Moldova (SIF2) Technical Analysis 2012.02.28

The SIF2 shares price swings in the 2011 highs area, the balance point from the last weeks being at the 1.4500 RON level.

On mid-term, the T1 trend line characterizes the uptrend and, along with the 1.4000 RON horizontal level, form a strong support for the price.

An eventual break of the T1 trend line will activate the next immediate support from the 1.3500 RON level but the chances for an ampler correction in this context will increase.

SIF Banat-Crisana (SIF1) Technical Analysis 2012.02.28

The decline from the previous session led to the transformation of the 1.2245 RON level in the first resistance for SIF1 shares.

Further are two possible scenarios:

1.    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.    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.

The declining volumes since the highs day (14 Feb.) of the last period shows the decreasing interest of investors, which corresponds at this moment to both an ongoing lateral correction and to a first zig-zag type correction, ampler.  

Fondul Proprietatea (FP) Technical Analysis 2012.02.28

The first session of this week brought for Fondul Proprietatea issuer the largest decline from BET and BET-FI index, at just two sessions away from the biggest increase from the same index.

Technically speaking, the FP shares price maintain within the mid-term ascending channel and its lower limit represents the first support.

The Fibonacci retracement levels from 2011 decrease were relevant in the recent weeks and it is expected to have the same function in the next days. In case that the price will drop below the uptrend, the first support will be given by the 0.5380 RON level (Fibonacci 50%).

SIF Oltenia (SIF5) Technical Analysis 2012.02.24

Although during the last session the price reached in the resistance zone of 1.4500 RON, the closing price settled at the level of 1.4280 RON.

Still maintain the high probability for a correction with the targets at 1.3240 and 1.2550 RON levels. The international markets evolutions will influence also the local market and in terms of investors' sentiment, an eventual profit taking in this area would be normal.

SIF Banat-Crisana (SIF1) Technical Analysis 2012.02.24

The lack of bulls' strength close to a strong resistance can be seen in the daily chart of SIF1 issuer.

The last days of the last week represented a new attempt to reach the target from 1.3000 RON area but the bears didn't wait and liquidated some of their shares in the 1.2500 RON area.

The first daily support (1.2245 RON) is standing really close to the last daily close and in the short term may be considered a sell level (in case that the price will drop below the support).

In case of a short and mid-term correction, the main target area is on 1.0770 RON.

Fondul Proprietatea (FP) Technical Analysis 2012.02.24

Fondul Proprietatea (FP) securities have experienced the most important increase in BET and BET-FI in the last session.

The daily chart shows the trading history since the listing date and the level of 0.5670 RON represents a resistance for the price. In the last weeks the price hesitated near the value of 0.5380 RON, level that represents the 50% retracement from 2011 year decline.

The further increasing chances maintain valid but, the investors must take into consideration the international markets evolution. The first relevant level of support is at 0.5380 RON level.  

Erste Group Bank (EBS) Technical Analysis 2012.02.23

The last analysis of Erste Group Bank issuer ( http://markettechnicalview.blogspot.com/2012/02/erste-group-bank-ebs-technical-analysis_13.html ) signal a correction after the short term increasing movement, showed a weakness against the resistance from the 88.00 RON level.

Further, the most important level of support on the short run is the 80.00 RON level and in case that the price will fall below it, the next target for correction will be in the 70.00 RON area.

SIF Banat-Crisana (SIF1) Technical Analysis 2012.02.22

SIF Banat-Crisana shares price maintains in the resistance area given by the 2012 highs but the fading of the positive sentiment is seen in both volumes decline and the price action.

Further, it remains to watch if the bulls will have the necessary strength to break the 1.3000 RON level. Otherwise, a lower low (below the 1.1600-1.1700 RON area) will lead to a broader correction with the first target in the 1.0070-1.0700 RON area.

The first support is given by the opening level of the Monday's session in 1.2245 RON.

SIF Muntenia (SIF4) Technical Analysis 2012.02.22

SIF Muntenia (SIF4) has the same price action as SIF1 in the last weeks but, the SIF4 price didn't reach yet in the 2011 highs area (0.8680 RON).

On short term, the first support is given by the 0.7330 RON level and the first resistance is at the level of 0,7880 RON. In case that, the bulls will not have the strength to lead and then to keep the price above the resistance, the market will have good chances for a broader correction.

SIF Oltenia (SIF5) Technical Analysis 2012.02.21

The SIF5 shares price evolution from the last four months is framed by an ascending channel whose limits act as support and resistance.

This, together with the 2011 summer highs from 1.4500 RON area, establish a strong resistance for the price and, in case of a correction, the first target will be around the 1.3580 RON level, given by Fibonacci retracement of 61.8%.

The volumes down in recent days attest the weaker interest of investors but this fact can be only a break in the investor's positive sentiment.

SIF Moldova (SIF2) Technical Analysis 2012.02.21

SIF Moldova securities (SIF2) are maintained after the first session of the week below the resistance level given by last years highs, at 1.5000 RON.

In technical terms, the buying at these prices is risky because, in case of an eventual correction, the assumed risk is too high. As support levels for the price, there is the trend line T1 and the 1.3500-1.4000 RON area.

For investors who hold shares and wish to establish an exit level in case of a reverse, a decline below the supports mentioned above can be considered a sell signal.

SIF Transilvania (SIF3) - Technical Analysis 2012.02.21

The resistance given by the weekly highs (in the 0.6730 RON area) was not broke in the first session of the week and thus, it maintained its validity for the next days. 

The mid-term channel fit the price of the last 2 months and its limits can be considered as support and resistance for the price.

Also, the T1 trend line together with the 0.6100-0.6300 RON area forms a strong support. The increase target remains in the 0.7150 RON area and an eventual breach of the highs from 0.6730 RON will confirm the great potential of touching it.  

SIF Transilvania (SIF3) Technical Analysis 2012.02.17

The SIF3 shares price is maintaining in the ascending narrow channel even if during the last session was trading at lower levels (intraday).

On mid-term (few months) the most important support zone is given by the T1 trend line and by the levels of 0.6100-0.6300 RON and in case that this will be broke, the chances of a broad correction will increase considerably.

For investors who follow a purchase, the best area would be the 0.6100-0.6300 RON area because it offers a very good risk/reward ratio. The stop loss level can be considered below the support level of 0.6100 RON (it can take into consideration the T1 trend line also) and the increasing possibility will be given by the previous highs from the 0.6730 RON area.

Banca Transilvania (TLV) Tehnical Analysis 2012.02.17

The rally that started on December 20 seems exhausted at the level of 50% Fibonacci retracement compared to 2011 decline (May-December) and the price evolution from the last sessions shows the bears domination (at least temporary). 

The 1.0000-1.0100 RON area represents a support for the price and in case that it will be broke, the price can reach very quickly in the area of 0.9500 RON/share.

For investors with high risk approach, the 1.0100 RON area represents a good zone for purchase, with target in the last highs area (1.0650 RON level).