I have been wrong many times before with NBG, so who knows.
But i really feel strong about this chart. Heavily oversold on the RSI, and we have a double bottom of what looks like a pretty clear corrective flat.
Another signal of a bottom is the large volume spike we had yesterday, and we have retraced 100% of wave A.
In Elliott terms, an alternative could be an irregular flat (which means we could technically go a little bit lower then wave A) but I dont think that will happen because of the reasons stated above.
I think this is a great time to go long for the long run.
Target 6.00 by the end of the year.
But i really feel strong about this chart. Heavily oversold on the RSI, and we have a double bottom of what looks like a pretty clear corrective flat.
Another signal of a bottom is the large volume spike we had yesterday, and we have retraced 100% of wave A.
In Elliott terms, an alternative could be an irregular flat (which means we could technically go a little bit lower then wave A) but I dont think that will happen because of the reasons stated above.
I think this is a great time to go long for the long run.
Target 6.00 by the end of the year.
