The buying signal for OMV Petrom (SNP) shares on January 23 (http://markettechnicalview.blogspot.com/2012/01/analiza-tehnica-omv-petrom-snp-20120123.html) currently has a yield of about 8.0%.
The 0.3240-0.3440 RON resistance area remains very important for the future price evolution and at this moment it keeps its resistence function.
On very short term (intraday or within a few days) the lower limit of above mentionated area (0.3240 RON) represents the first support and a price decrease under this level will generate a sell signal. The first target/resistence is given by the upper limit of the current area, at 0.3446 RON level.
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