CHANNELS.BVB – LATE ECONOMIC UPDATE – OLTCHIM READY TO TURN UP

SUMMARY: ROMPETROL WELL SERVICES WEEKLY (PTR) After a multi month sideways action prices rise above key level at 0.4. For sustained positivity prices should go above current level at 0.47. DAFORA WEEKLY (DAFR) Prices continue sideways movement above key level at 0.1, inside the multi month rising channel. For positivity it is needed for prices to go above mid channel line at 0.12. ALRO WEEKLY (ALR) After testing the lower line of the rising multi month channel prices turn up. For sustained positivity prices should remain above the key level at 3. OLTCHIM WEEKLY (OLT) Prices test the upper line of the multi week downtrended channel. A breach here would confirm further positivity, next key level being at 0.3. TRANSGAZ WEEKLY (TGN) Weekly moving average crossover is still negative with prices below it. A move above 155 would confirm minor positivity further. TRANSELECTRICA WEEKLY (TEL) Prices are still in the down trended multi week channel, but test the upper line of the channel. A breach here would confirm the minor positivity further. ROMPETROL DAILY (RRC) Daily moving average crossover is positive. Minor trend remains positive. PETROM DAILY (SNP) Prices are the key 0.618 FIB level at 0.26. minor trend remains negative. ANTIBIOTICE WEEKLY (ATB) Prices continue the down movement in the multi week downtrended channel. Prices should hold at current level for a sustained trenc change. ZENTIVA DAILY (SCD) Daily moving average crossover is positive with prices above it. Minor trend remains positive.
CHANNELS.BVB is our second perspective product published on MONDAY, WEDNESDAY AND FRIDAY. The report uses conventional technical tools and focuses on stocks more than Indices. The report illustrates key price levels, price targets, price projections and time turn windows. WAVES.ROM and CHANNELS.ROM are bundled together as PERSPECTIVE products. Unlike WAVES which focuses more on blue chips, CHANNELS covers just BVB stocks all mid cap and small cap.
CHANNELS.BVB on FRIDAY covers the Late Economic Sector cycle including Energy, Staples, Pharma, Utilities and Chemicals sector stocks.
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