SIF Oltenia (SIF5) Chart review:
The price has a huge resistance around 1,33 area. One comes from the neckline of the Head & Shoulders and the other comes from the ascending line of the rising wedge. The buyers needs to break decisively the 1,33 resistance area. If they can't and the price starts moving lower, every market participant will see this rising wedge chart pattern and will sell it untill the price comes back to 1,00.
Fundamentally SIF5 has 83 Mil RON Net Profit for the 2011, which makes it a 9,08 PER (Price to Earnings Ratio) with a dividend yield 6 to 8% . This will be settled at the Shareholders meeting from April 2012. So fundamentally is not something that is screaming buy.
Good luck everybody.

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