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Monday, February 13, 2012

Erste Group Bank (EBS) Technical Analysis 2012.02.13

The last 3 trading sessions created a sell signal for Erste Bank Group shares.

The first target given yet since January (http://markettechnicalview.blogspot.com/2012/01/analiza-tehnica-erste-group-bank-ebs.html) was missed by a little on Thursday session and is still a resistance for the price.

The 80.00 RON level still remains an active support and can be consider a sell signal in case that it will be breached. The 60.20-69.70 RON area it is established as a stronger support and as a target to decrease in case of a short term correction (within a few weeks).


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