winstox

GREECE ETF MSCI: More pain ahead

Short
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.

Strategy
Short term: Short
Long term: Short



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