CHANNELS.BVB - LATE ECONOMIC

SUMMARY: ROMPETROL RAFINARE DAILY (RRC) ANTICIPATED AND HAPPENED Prices touched but did not break the multi month channel support line. This keeps us looking up. Prices continue to remain in the up trended channel. ROMPETROL WEEKLY (RRC) The minor trend may be still up, but the weekly picture has started to weaken as prices continue to rise the volume dropped. PETROM WEEKLY (SNP) As prices made a minor retrace, the volume dropped. This is negative. DAFORA DAILY (DAFR) ANTICIPATED AND HAPPENED Prices have reached the previous KR level. A break above previous highs would be positive. Moving average crossover also keeps us looking up in a minor trend. Prices negated the KEY REVERSAL bar and broke the previous highs, reaching at key level 0.065. BIOFARM WEEKLY (BIO) ANTICIPATED AND HAPPENED Moving average crossover remains positive. As anticipated prices continued to move up. Minor positivity ahead. PETROLEXPORTIMPORT WEEKLY (PEI) ANTICIPATED AND HAPPENED Prices remain below key level at 20. A break would be a positive sign. Prices broke above key psychological level at 20. ANTIBIOTICE WEEKLY (ATB) Prices remain in the up trended channel, heading towards next KEY LEVEL at 0.8. OIL TERMINAL WEEKLY (OIL) Prices remain below the key level at 0.2. For sustained positivity we need a break above 0.2. OLTCHIM WEEKLY (OLT) ANTICIPATED AND HAPPENED Prices retraced 50% and pushed higher, though minor trend is up we need a clear break above 0.4 to look for a sustained uptrend. Prices continued to move sideways and did not manage to break the key level at 0.4. Below this level we continue to remain negative. AZOMURES DAILY (AZO) Prices formed a Key Reversal (KR) bar, moved down and then pushed up above the current KR suggesting positivity. ALUMIL WEEKLY (ALU) After a multi week move sideways prices broke the down trended mid channel line. Next key level lies at 2. TRANSGAZ DAILY (TGN) Daily moving average crossover is positive. Prices moved above the Engulfing Bearish (EB-) formation and broke the key psychological level at 160. TRANSELECTRICA DAILY (TEL) Daily moving average crossover is still positive.

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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)

CHANNELS.BVB on WEDNESDAY covers the Mid Economic Sector cycle including INDUSTRIALS sector stocks.

REUTERS RIC - (TUBU.BX, SOCC.BX, ARTM.BX, ARSB.BX, SNOS.BX, ALTC.BX, ARMA.BX, CMLF.BX, MEFI.BX, EPUT.BX, ETAC.BX, UAMT.BX, COMPA.BX, APOM.BX, MECF.BX, COMI.BX)

CHANNELS.BVB on FRIDAY covers the Late Economic Sector cycle including Energy, Staples, Pharma, Utilities and Chemicals sector stocks. REUTERS RIC - (SNPP.BX, ROMP.BX, OILT.BX, PTRI.BX, PEXI.BX, ENPL.BX, TSEL.BX, MOPN.BX, BERS.BX, ALUM.BX, OLTC.BX, ALRO.BX, OTSP.BX, AMSL.BX, AZOM.BX, VNCA.BX, PPLS.BX, MJMR.BX, SIZA.BX, CBCM.BX, ZIMC.BX, PCLR.BX, ATBE.BX, SCDB.BX, BIOF.BX, DAFR.BRQ)

ORPHEUS RESEARCH AT REUTERS - UNITED KINGDOM

ORPHEUS RESEARCH AT REUTERS - USA

SUMMARY: ELECTROPUTERE WEEKLY (EPT). Prices have reached the channel line. We need a clear break of 0.15 for continued positivity. COMPA DAILY (CMP). Prices gap up above moving average. Minor trend is positive. This could be a reversal in trend. ARMATURA WEEKLY (ARM). Prices continue to move in a sideways corrective. MECANICA WEEKLY (MECF). Prices moved sideways and out of the downtrended channel. SANTIERUL NAVAL DAILY (SNO). Daily moving average crossover turned positive. ELECTROCONTACT WEEKLY (ETC). Prices test intermediate channel resistances. We need a clear break here to look for further positivity. SOCEP DAILY (SOCP). Daily moving average crossover is positive. CONDMAG WEEKLY (COMI). Prices struggles at previous conventional highs at 0.3. TURBOMECANICA WEEKLY (TBM). Prices are moving sideways. Above current resistances at 0.075 we continue to look higher. ARTROM WEEKLY (ART). Prices remain above the mid channel line moving sideways.

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