Still in Cycle downtrend per Elliott Wave Analysis
In one week from today, the annual general meeting of the shareholders of the National Bank of Greece (NBG) will convene, where, among other matters, they will decide on the distribution of a dividend for the first time in nearly 15 years, amounting to €0.37 (€0.36 net). NBG is currently attracting investment interest for two main reasons: Dividend...
Study the greek economy & politics from the period 1990-2012 and you might find a lot of similarities with that is currently happening in the US. Greece experienced a credit boom from 1990-2008, people however were living above their means. We faced the biggest bubble in Greece's economic history during the 1999 when everybody was playing the stock market! and i...
Dear Mrs Lagarde, please assign an employee and buy all bonds from Greece. The divergence must be addressed immediately before the end of the month. Please also get the state security to find out who is selling their bonds here. So it does not go on, that here insiders simply sell off before the outstanding bonds are converted into 100 year permanent...
Really, really remarkable to see this. Remember the Greek/eurozone debt crisis? That's what the big spike is. Now, here we are. Greek bonds are nearing their lowest levels ever. The only explanation is that people are seeking the safest form of assets in government bonds and Central Banks are becoming more helpful managing debt and supporting their countries. I...
In the short term, the ECB is still holding out against the capital flight from Greek government bonds, but it is powerless against the capital flight out of the euro. The ECB's new bazooka won't help, Mrs Lagarde. As you can see in the chart, the candy has been sucked and the trader world can see that too. Best regards from Hannover (Lower Saxony) Stefan...
Since the last few months, powered by the new elected government in Greece, GREK has been recovering. This recovery has to do with greater expectations investors have from the new government. GREK shows a clearly established upternd. A reasonable strategy would be to wait until the current swing is over, reaching the support and then to follow the uptrend.
GREK has broken upwards in late May following a Golden Cross formation in late April. The last 3 times a Golden Cross took place the ETF rose (on the cross date) by +8.40% once and roughly over +30% twice. Currently it is already up by +8.40% from the Golden Cross occurrence so if it starts breaking higher, we have a confirmation for an additional +20% rise, which...
Can be described as a bag full of shit, but has been steadily advancing the past months, with elections coming soon... one of the most bombed out market it as spent 30 months building a long bottom between 0.550-1.074 If the new democracy is elected and say the right words investment could return driving the market higher. On the other hand this is greece...
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,...
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. The open interest for jan 20s on this b*tch also looks hella dope. Lets make some f*ucking money :) (can you swear on this site? I dont really want to censor myself) anyways have a great day fellow traders!
For reference only. Time will tell what will happen in the next couple of weeks.
Obviously, being smart, sane, savvy and logical traders, we all recognise that there is a monstrous Godzilla formation looming over cable right now. I don't mean some obscure Japanese candlestick formation, but the actual Godzilla, poised to run rampant and squash the UK into smithereens if it votes leave in June. I would contend that the opposite may be the...
As we can see Eurostoxx50 is making a S-H-S on 1 day time frame. This figure will end in same date that Brexit vote (aprox.) also we have the problem of Greece in June
The Euro is back under major resistance...was this a fake break out? We are watching closely and looking for opportunities to the short side. if the bulls rally and take out the most recent highs then the squeeze will be on and Euro bears will be jumping off the ship. We want to see a test of the major resistance and sellers to step in. NO TRIGGER, NO TRADE!
Towards tomorrow's Greek vote, $EURUSD is about to test 1.1 which is now resistance. The bearish scenario here is that $EURUSD will be blocked by 1.1 and the fast daily SMA line and continue lower to complete the bullish Gartley. The bullish move, in case of a breakout, is limited with the 50 SMA line and the downtrend line not to far above the resistance.
Break followed by ABCD correction and respecting the broken trend line would present a sell opportunity. Target 1 – 1.0880 Target 2 – lower band of the triangle Stop Loss -above last high created on H1
BEARS!!! let the siege begin, 1.10429 has been broken and re-tested for a real move down south.Visually you can see my targets, those are logical points in market where the market has been before: individuals and institutions will be looking to push the market to those level before anything else. As you know humans are repetitive that's why the market usually...