National Bank of Greece ADR (fka NBGGY)

[chenzo11]

Good question. Twenty or so years ago they were more reliable. I think all the computer to computer trading has diminished chart results.

I would say it's 50/50. I see more "set ups" fail recent years. The chart can also give you an idea of how big the next move can be. In NBGGY the wedge height is from .20-.30 typically, we could expect a 50% higher move from .30 or .45.

Finally to follow up on a previous post of mine. Notice January 11, the price moved right up and closed at the resistance. But volume was low. Volume hinted that there wasn't enough interest to support pushing through the resistance. The next two days were negative with good volume sending us back down to the ascending line. I believe that is what happened yesterday also. Glta

Cheers
Chenzo