National Bank of Greece ADR (fka NBGGY)

[IL Padrino]

After seeing the action in Athens today, I thought for sure this would soar over $2. I guess I was wrong. Looking at the chart, it seems like we will have some consolodation in the $1.75-$2.00 channel. The RSI will need some time to cool off before moving higher. I'm assuming some profit taking is happening for those who bought in at $1 or even some who just wish to break even at this point. Building support here is key to breaking the next resistance level at $2. Then it's a blue sky breakout to $2.50.