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.
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