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.

Search This Blog

Friday, February 17, 2012

Banca Transilvania (TLV) Tehnical Analysis 2012.02.17

The rally that started on December 20 seems exhausted at the level of 50% Fibonacci retracement compared to 2011 decline (May-December) and the price evolution from the last sessions shows the bears domination (at least temporary). 

The 1.0000-1.0100 RON area represents a support for the price and in case that it will be broke, the price can reach very quickly in the area of 0.9500 RON/share.

For investors with high risk approach, the 1.0100 RON area represents a good zone for purchase, with target in the last highs area (1.0650 RON level).


Posted by Adrian Filip at 1:21 PM
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)