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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Monday, February 6, 2012

SIF Moldova (SIF2) Technical Analysis 2012.02.06

SIF2 shares price is near the highs of 30th of March 2011, in the 1.5000 RON area.

Friday’s session confirmed the support function of the 1.4000 RON level which still remains a key level for the price action.  

SIF Moldova is among the SIFs outperformers in the last 4 months, managing to recover all 2011 year decline. A mid-term correction (at least several weeks) will be signaled in case that the price will decrease below 1.3500-1.4000 RON support area.


Posted by Adrian Filip at 11:38 AM
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