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).

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Wednesday, February 22, 2012

SIF Banat-Crisana (SIF1) Technical Analysis 2012.02.22

SIF Banat-Crisana shares price maintains in the resistance area given by the 2012 highs but the fading of the positive sentiment is seen in both volumes decline and the price action.

Further, it remains to watch if the bulls will have the necessary strength to break the 1.3000 RON level. Otherwise, a lower low (below the 1.1600-1.1700 RON area) will lead to a broader correction with the first target in the 1.0070-1.0700 RON area.

The first support is given by the opening level of the Monday's session in 1.2245 RON.


Posted by Adrian Filip at 6:10 PM
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