cryptoalienss

BGEO Potential Breakdown (Bank of Georgia)

Short
LSE_DLY:BGEO   BANK OF GEORGIA GROUP PLC ORD GBP0.01
BGEO has been in a nice uptrend for some time now but is it really the time to switch the flip now? What we see on a chart is a healthy correction and touching the trendline support but there is a big BUT. Amidst this current situation in Georgia, Tbilisi, people has been protesting the "Russian Law" which turned now into protesting the government itself. This could be start of the breakdown for BGEO in my opinion because the situation is only gonna get worse for Tbilisi if government keeps going against the people.