GREECE ETF MSCI: More pain ahead

AMEX:GREK   Global X MSCI Greece ETF
Expect price to move lower.

As to Greece's economy, after the bankruptcy of 2010 and the many years of austerity, Greece was presenting clear improvement in its macroeconomic figures since 2018. Unfortunately the Covid-19 crisis has the potential to turn to a Mega Crisis and therefore this year and next year could be very difficult. As for the chart of the specific ETF ( GREK ) we are starting to enter into the next wave down (5) which could bring prices substantially lower.

Short term: Short
Long term: Short

Trading has potential rewards but also potential risks. Therefore don't trade with money you can't afford to lose.
The provided analysis and comments are not a recommendation to buy, hold or sell stocks, futures , indices, forex, cryptocurrencies or commodities .
The past performance of any trading system or methodology is not necessarily indicative of future results.
Please do your own extensive study before deciding to invest or trade.