Technically speaking, OMV Petrom correction perspective from the previous analysis (http://markettechnicalview.blogspot.com/2012/02/omv-petrom-snp-technical-analysis.html) has strengthened due to negative sentiment investors showed today.
In the last 4 sessions, two bearish engulfing patterns were created, thus showing the investors attitude towards the market: sell on a high opening and closing down significantly, without intention to buy at low prices at the end of the session.
The first support zone for eventual correction is between 0.3240-0.3300 RON levels, which is about in the target area given in January (http://markettechnicalview.blogspot.com/2012/01/analiza-tehnica-omv-petrom-snp-20120123.html).
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