AI
Wednesday, September 04, 2013 6:16:26 PM
Stress test on banks cash on hand and balance sheets. NBG will be ok and do well thanks to the absorption of Pro bank to sure up deposits. We all look at charts and all have different ideas.
Here's the patten I see over the last month. After the last drop, we hit $3.72, the MA50 was $3.68. Now look at this next drop happening now and $3.75 is about right. but markets can change and that curve ball can be a killer. After the last stress test NBG rallied to a new support point of $3.41 Now after this next test a rally to $4.56 if you check the chart and add pivot points in it shows a $4.74 or there about. Right now with Market cap O/S current value is $4.15 but the surpport is around $4 or $3.99 as you state. Anyway this is how I see the play and done well this month....
Here's the patten I see over the last month. After the last drop, we hit $3.72, the MA50 was $3.68. Now look at this next drop happening now and $3.75 is about right. but markets can change and that curve ball can be a killer. After the last stress test NBG rallied to a new support point of $3.41 Now after this next test a rally to $4.56 if you check the chart and add pivot points in it shows a $4.74 or there about. Right now with Market cap O/S current value is $4.15 but the surpport is around $4 or $3.99 as you state. Anyway this is how I see the play and done well this month....
(IMO) Sometimes I'm to the point, and sometimes I'm out in left field. JMHO
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.
