| Followers | 371 |
| Posts | 5333 |
| Boards Moderated | 1 |
| Alias Born | 05/09/2013 |
Wednesday, January 28, 2015 8:15:37 PM
You may be right about an over correction and that NBG might be undervalued. But I'd still only swing trade this short term as the fundamental environment is too risky for NBG (Greek leftist garbage in my opinion).
Near this 1.00 would be good spot to consider it for entry on quick trade speculation, maybe even .80 yet, but I like this as it is touching near the 'EMA(60)' line on Gallery view chart, which usually is a short term reliable indicator for short term trade opportunity. Likely a bounce play back to 1.25+, possible to 1.40-1.60 is reasonable for a quick trade at or above 9-20 day averages as has been typical in the past after major sell offs, and this should work for strategy regardless of overall politics and fundamentals.
The leftist election news is creating a 'short term' buying opportunity for quick profit scalp.
http://stockcharts.com/freecharts/gallery.html?s=nbg
Near this 1.00 would be good spot to consider it for entry on quick trade speculation, maybe even .80 yet, but I like this as it is touching near the 'EMA(60)' line on Gallery view chart, which usually is a short term reliable indicator for short term trade opportunity. Likely a bounce play back to 1.25+, possible to 1.40-1.60 is reasonable for a quick trade at or above 9-20 day averages as has been typical in the past after major sell offs, and this should work for strategy regardless of overall politics and fundamentals.
The leftist election news is creating a 'short term' buying opportunity for quick profit scalp.
http://stockcharts.com/freecharts/gallery.html?s=nbg
I've been an experienced trader for much longer than my I-Hub profile has existed... an 'FYI' for those of you presumptive people who strangely think that a message board alias age makes in reality a person or their ability.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
