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.

Search This Blog

Friday, January 27, 2012

BRD Technical Analysis 2012.01.27

BRD shares reached the first resistance at 11.00 RON in yesterday’s session, after a consolidation period above the 10.50 RON support level.

The buy signal gave a couple of weeks ago (http://markettechnicalview.blogspot.com/2012/01/analiza-tehnica-brd-20120112.html) is still active and, as expected, the retest of T1 was produced.

The classic target is set in the 12.00 RON and both technical and fundamental analysis are in favor of a bullish move.  


No comments:

Post a Comment