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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Friday, January 27, 2012

BRD Technical Analysis 2012.01.27

BRD shares reached the first resistance at 11.00 RON in yesterday’s session, after a consolidation period above the 10.50 RON support level.

The buy signal gave a couple of weeks ago (http://markettechnicalview.blogspot.com/2012/01/analiza-tehnica-brd-20120112.html) is still active and, as expected, the retest of T1 was produced.

The classic target is set in the 12.00 RON and both technical and fundamental analysis are in favor of a bullish move.  


Posted by Adrian Filip at 10:27 AM
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