Market Technical View: BET-FI Technical Analysis 2012.02.13

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.

Monday, February 13, 2012

BET-FI Technical Analysis 2012.02.13

BET-FI Index closed the last session of the week at 24.412 level, in slight decrease, thus maintaining in the 24.500-25.000 resistance area, marked in the previous analysis.
( http://markettechnicalview.blogspot.com/2012/02/bet-fi-technical-analysis-20120206.html)

Further, if the situation of the international markets will get worse, it is expected that investors to mark some their profits, thus generating a correction.

The first support is given by 24.000 level but, in the case of a correction, the first target zone is between 22.700-23.000 levels.