Bursa: SIF Oltenia (SIF5) Chart

joi, 26 ianuarie 2012

SIF Oltenia (SIF5) Chart

The SIF Oltenia chart looks like an ascending triangle in the forming with resistance at 1,20 RON and support around 1,10 RON.
If the price will break to the upside than it will have a first Target Price of 1,40 RON. If it will break to the downside i expect to revisit the October 2011 Lows around 0,82 RON.
Because the international markets are up-trending I give more chances to the upside breakout. The best thing to do is to wait for the breakout and trade in the direction of the break-out.

Good luck to everybody.

Un comentariu:

leroy26 ianuarie 2012 la 11:00
interesting man!
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