CHANNELS.BVB – LATE ECONOMIC UPDATE – UTILITIES ARE POSITIVE

SUMMARY: TRANSELECTRICA DAILY (TEL) Daily moving average crossover is positive with prices above it. A breach at key level 0.618 FIB at 13.47 would take prices higher. TRANSGAZ DAILY (TGN) Prices continue the rise in the multi week up trended channel. Minor trend is positive and the next key level is at 165. ALRO WEEKLY (ALR) Prices did not manage to cross the key level at 3, but remain in the rising multi month channel. For further positivity it is needed for prices to remain above key level at 3. OLTCHIM WEEKLY (OLT) Prices do not manage to go above key level at 0.26. Below the level 0.618 FIB at 0.21 we are in negative territory. ROMPETROL WELL SERVICES WEEKLY (PTR) Weekly moving average crossover is positive with prices above it. Minor trend is positive. DAFORA WEEKLY (DAFR) Prices continue the sideways movement above key level at 0.1 inside the multi month rising channel. For positivity prices should rise above the mid channel line at 0.12. ROMPETROL WEEKLY (RRC) Prices are at FIB 0.618 level at 0.07. Above this level positivity continues. PETROM WEEKLY (SNP) Prices are at key FIB 0.618 level at 0.26. Minor trend remains negative. ANTIBIOTICE WEEKLY (ATB) Weekly moving average crossover is negative with prices below it. Minor trend is negative. ZENTIVA DAILY (SCD) Prices test the key level at 0.7. A breach at this level would continue the positivity further.
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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