Opportunity in the blood
As of now technicals are confirming a potential ab=cd that could be formed in NBG over the next few days if the bottom support range of 1~1.23 held providing an excellent 3.88 risk reward.
Some upcoming catalyst:
-Greece reform plans (April 8~9)
-NBG quarterly earnings. 4/2/2015?
I think it is quite unlikely that Greece will be leaving Eurozone (yet).
Even if that does happen, I expect short term decline in NBG with a even larger potential chance of recovery in the future. This is a level that I'll accumulate more positions for 5 years or so.
Some upcoming catalyst:
-Greece reform plans (April 8~9)
-NBG quarterly earnings. 4/2/2015?
I think it is quite unlikely that Greece will be leaving Eurozone (yet).
Even if that does happen, I expect short term decline in NBG with a even larger potential chance of recovery in the future. This is a level that I'll accumulate more positions for 5 years or so.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.