The structure seems to be fully formed and starting to roll over after breaking a year-long bull run.
Given the current state of the EU it is very plausible that we can see a longer-term trend lower.
Caution is in order.
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...
Greece is riding on a new Political Party Upswing. GREK is the only ETF from Greece trading in the US and is 2019's Star among Europe's ETF's. GREK is going long for a good while, ride the high!
A timely update to Greek Equities, with outflows reaching extreme levels it is a good time to start looking for value opportunities. This move will have momentum behind it and I am a buyer of any pullbacks into support here.
This will not be the first time Greece breaks correlation from global equity flows and it is worth a look as we edge closer to a breakout...
