Is the Greek stock market ready to skyrocket?The Greek economy is accelerating its growth, significant foreign investments are being made in the country (Microsoft, Pfizer, Digital Realty, Amazon,
Cisco, JP Morgan, Deutche Telekom and others), in 2023 Greece is expected to return to the investment grade and the stock market is preparing to capture all the above.
The chart shows the course of the Greek stock exchange since 1985. 2023 seems to be the year that the Greek stock exchange will leave behind the stone decade (2012-2022).
Already the Composite Index (GD) has broken the very important resistance to about 935 units and these days it is preparing to break the psychological limit of 1000 units.
The next significant resistances are at 1200 and 1400 units where it will meet the simple moving average of 200 months.
On its upward trajectory, the index is expected to be led by shares of banks and construction companies. Some tickers you can consider for placements are as follows:
TPEIR, ALPHA, ETE, EUROB, GEKTERNA, AVAX, ELLAKTOR, MYTIL, OPAP, HTO, PPC, EEE, BELA, ELPE, EXAE.
