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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Friday, February 10, 2012

Banca Transilvania (TLV) Tehnical Analysis 2012.02.10

Banca Transilvania shares price broke in today's session the 1.03500 RON resistance, transforming it in the first support for the next days.

The started reversal in 20 December reached now to the half of decline from May-December 2011 and this area represents a resistance for the price.  

As with other shares like SIF, TLV it could continue the mid-term trend (of increasing) but in case of obvious declines below settled support areas will be recommended the selling shares default.   

In case that the rise will continue in the next period, the next target is given by 1.1200-1.1590 RON area.


Posted by Adrian Filip at 1:55 PM
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