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BEI
Dec 29, 2013 2:51 PM

NBG - UPDATE  Long

Description

Short term breakout on daily + trend line support in weekly draws my attention to a sharp rally scenario.

Elements of this trade requires: - 6.42 breakout & hold (previous high) - 50% RSI + SMII cross.
Primary targets are 1 & 2 fibonacci retracements, certainly hitting trend line, secondary targets are a & b.

If this breaks out strong it wil certainly fill the gap, make the fib retracement price level 1, and this is 82% ish from here.

Cheers!
Comments
QuantitativeExhaustion
I like this stock through the first quarter of 2014. Probably best chance at a 30 bagger with Long Call on near dated expiring options. I have NBG on my trigger execute tab.
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