Analysts say the Stock Exchange can still drop by 10% without reversing the trend

SIF index, BET-FI, lost over 6% in four consecutive sessions of decline, one of the few corrections of this year. Most analysts say technical analysis shows the stock exchange may continue to register corrections of as much as 10% on short term on SIFs and BET and should corrections exceed this threshold, the market trend can be reversed. From a broader perspective, analysts are drawing attention to the fact that after the strong increases of the past year we can also witness significant corrections, of 30% to 50%, in the context where, for instance, the BET-FI index has so far climbed by around 280% from the lows of last February. “Considering the level of liquidity remains above an average level registered in the past 25 sessions, we can expect the corrective wave to be complex (…),” says Adrian Danciu, head of the research department of Broker Cluj. According to him, there is no question for the time being of a trend reversal on the medium term.