Genikos Deiktis Athinas – 27/12 close

Genikos Deiktis made a new closing high for 2012 today.

The Greek market has been on an uptrend since the lows made in June. We are on the 5th wave of this upmove.

You can take some of your profits but there is no reason to close all your longs.

Watch the next days closely for confirmation of today’s high. However trading volume is expected to be thin.

Use a stop loss because double-top danger is still there.

Next support levels are:

-910.99 (old year high from 22/10)

-873.73 (high from 11/12)

-855.35 (high from 27/11)

-850.00 (support from June trendline)

-833.99 (low from 18/12)

-803.32 (low from 30/11)

Petros