Bursa: Banca Transilvania (TLV) chart

sâmbătă, 11 februarie 2012

Banca Transilvania (TLV) chart

After the Head & Shoulder top figure created between January and August 2011, Banca Transilvania, break it down from 1,16 and entered into a downtrend. This downtrend took the figure of a Falling Wedge, which implied the sellers exhausted their ammunition and could enter in an uptrend soon. This uptrend had started with a Breakaway GAP at 0,916, which implies a new uptrend is taking place and we might see a Runaway GAP and an Exhaustion GAP. So far the price stopped at 1,07 but the real price resistance being at 1,15.

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