Tuesday, February 26, 2008

The Return of the Bulls After Bottom Confirmation

As predicted in a previous post, the Romanian stocks bottomed on the 20th of February and started a rally towards obvious resistance around medium term moving averages.

The rally is about to run out of steam due to short term overbought readings and prices will probably retrace around 50% of the recent upward move.


BET



BET-C


BET-FI

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