About Fondul Proprietatea (FP)

As you can see from the grafic, after exactly one year of trending down, on 5 January 2012 Fondul Proprietatea broke the descending line with a GAP, implying that the downtrend was finished and a new uptrend is taking place. We are three weeks away from that breakaway GAP and  the price reached the first resistance line were i expect some sluggishness. At 0.468 at the close of Tuesday, Fondul Proprietatea carries: an 11,86 current Price Earnings Ratio and a 0,433 Price to Book Value. Which means it's still low valued and can have more to the upside. I expect the big resistance to be around 0,5 RON.

Happy trading everybody.