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Thursday, March 1, 2012

Fondul Proprietatea (FP) Technical Analysis 2012.03.01

The FP shares price has almost reached the target of 0.6000 RON after the end of Wednesday's session marked an increase of over 5.00%.

The yesterday increase sets the first support at the level of 0.5670 RON and the first resistance is given by the 0,6000 RON target. In case of a broader correction, the first signal will come when the price will drop below the T1 trend line (the lower limit of the ascending channel).


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