On the short-term (few weeks), the Fondul Proprietatea shares have kindled the investor’s interest and the resistance levels were, in turn, breached by the price.
The Friday’s session created a specific candle for a local high but, this signal is not sufficient for a sale because the investors sentiment remains optimistic. Only a decline below the 0.5000-0.5077 RON support area will create the premise of a significant correction, with the target in the next support area, between 0.4550-0.4650 RON levels.
The target area for the uptrend still stands between 0,5360 and 0.5650 RON levels but, a reversal may occur below this area too, thus signaling weakness on buyers behalf and the sellers intervention in the market.
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