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, February 3, 2012

Banca Transilvania (TLV) Tehnical Analysis 2012.02.03

The buying signal given for TLV shares on the 17th of January (http://www.goldring.ro/analiza-tehnica-banca-transilvania-(tlv)-2012.01.17.html) brought a return of about 11.00%.

The last couple of sessions attested that the sellers are stronger in the market and, although the price didn’t close below the support level of 1.0000 RON, it gives a sell signal to mark the profit on this transaction.

For those who want to maintain their buying positions they must take in consideration a possible correction with support in the 0,9400-0.9600 RON area.




Posted by Adrian Filip at 11:15 AM
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