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Global X MSCI Greece ETF

GREK LONG/SHORT PLAY

By chng01
Updated
Get ready ladies and gentlemen, this bad boy is almost at its support, get in set a stop loss just beneath its support line and, it should bounce off, or if it does break the support line, it would head towards the second support line, so it would be a good short opportunity. The open interest for jan 20 calls on this b*tch also looks hella dope. So a rebound on resistance looks more reasonable.
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this lil guy broke its support, I think you can short in the near term as it heads for its second resistance point. But its also good to know that the stock doesnt need to actually "touch" the second support line, it may just linger around 7.6-7.8. But if it does touch its second support line, Im going all in on this lil guy
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yesterday this guy bounced off its new resistance line which was previously its support line. Gonna send a buy order once its at the second resistance line
GREK

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