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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Monday, March 5, 2012

Banca Transilvania (TLV) Tehnical Analysis 2012.03.05

The buying signal given last week (http://en.goldring.ro/analysis_details.php?analyse_id=2226) remains valid as long as the price will not decrease below the support level of 1.000 RON.

The small volumes in recent weeks are specific to a price consolidation and favor a new appreciation movement but, for confirmation, the volumes should rise as the price forwards towards the first resistance from the 1.0500 RON area.

The concerned target is in the 1.1200-1.1600 RON area but, in the first phase, it remains to be seen the price action around the value of 1.0500 RON.


Posted by Adrian Filip at 4:18 PM
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