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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Thursday, February 23, 2012

Erste Group Bank (EBS) Technical Analysis 2012.02.23

The last analysis of Erste Group Bank issuer ( http://markettechnicalview.blogspot.com/2012/02/erste-group-bank-ebs-technical-analysis_13.html ) signal a correction after the short term increasing movement, showed a weakness against the resistance from the 88.00 RON level.

Further, the most important level of support on the short run is the 80.00 RON level and in case that the price will fall below it, the next target for correction will be in the 70.00 RON area.




Posted by Adrian Filip at 4:32 PM
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