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JAPANESE CANDLESTICKS.SUMMARY: TRANSELECTRICA WEEKLY (TEL) Though price has moved in a series of multiple white candles and formed a shooting star, above 16 we continue to remain positive. TRANSGAZ WEEKLY (TGN) Prices broke out of the multi month sideways channel and formed Harami indecisive patterns. We have no reversal in uptrend yet. ALUMIL WEEKLY (ALU) Prices are testing channel highs. Minor trend remains positive. Next key level lies at 2.6. OLTCHIM WEEKLY (OLT) Prices are in a sideways multi week countertrend movement that should find support at 0.618 Fib levels (0.2). PETROL EXPORTIMPORT WEEKLY (PEI) Though small body candles suggest indecision, prices are above key supports at 22. Minor trend remains positive. DAFORA WEEKLY (DAFR) Prices are testing highs at 0.11. We expect resistance at current levels. ROMPETROL WEEKLY (RRC) Prices turn down as anticipated. Minor trend remains negative. PETROM WEEKLY (SNP) A clear break above 0.29 levels is needed to look higher. ANTIBIOTICE WEEKLY (ATB) Key level lies at 0.65. ZENTIVA WEEKLY (SCD) Prices are still in the sideways channel. We need a clear break above 0.7 for a change of trend.

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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 MONDAY covers the Early Economic Sector cycle including Financials and Discretionary sector stocks. REUTERS RIC – (BATR.BX, BRDX.BX, BRKU.BX, SIF1.BX, SIF2.BX, SIF3.BX, SIF4.BX, SIF5.BX, BCCA.BX, ASAG.BX, FLAA.BX, EFOR.BX, TUFE.BX, SIPA.BX, ELBU.BX, ERST.BX, IMPT.BX)

Performance cycles is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves in a range say from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.

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