Bulgarian Index SOFIX continues its consolidation phase and approching very important support area around 400 level. I am expecting this area to hold and market to attempts to break above consolidation channel. I will wait to see that breakout and then will chase the strength (via BTXEUR index certicates). Until then will watch bulls and bears battle 
[...] very important support area at least for main two indexes SOFIX and BG40 (see my previous post here). Technicals went in deep over sold conditions and at the end of the week most stocks and indexes [...]