Replies to post #2090 on National Bank of Greece ADR (fka NBGGY)

[Ace Trader]

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....