Long

Long NBGIF

Updated

Story: National Bank of Greece announced a Q2 net loss a couple of days ago which sunk it's share price to an almost all time low - with not much downside left (technically), continued reduction of the bad loans in it's books and a perceived improvement in alignment of Greek policies to the EU expectations a bullish case is not hard to build. Furthermore, technicals confirm a good entry level for this trade.

Entry Price: USD 2.15
Stop Loss: USD 1.49 (-31%)
Take Profit: USD 3.5 (+0.62%)

Expected Duration: 1-3 months

Trade closed: stop reached

TheSwissMacroExplorer

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