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Wednesday, January 25, 2012

Fondul Proprietatea (FP) Technical Analysis 2012.01.25

Fondul Proprietatea closed yesterday slightly below the opening price, after the shares traded as high as 0.4769 Ron during the day.

The most important area to watch now is the 0,4520-0,4600 RON, which was a previous resistance. The break above this area, at the beginning of this week, was produced on high volumes, creating though a healthy break.

An eventual decline towards the support could set the market for a good buy opportunity in case this support will hold.    


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