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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Tuesday, January 24, 2012

SIF Transilvania (SIF3) Technical Analysis 2012.01.24

SIF3 lost its momentum in the past few sessions as it reached the 0.6000 Ron resistance level last week.

The bearish engulfing created last week in the resistance zone signals at least a temporary reversal that could travel easily to the first support of 0.5720 RON, where also is the T1 trend line.


Posted by Adrian Filip at 11:00 AM
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