National Bank of Greece ADR (July 14)

The ADR of National Bank of Greece cannot exit the horizontal price channel of the last few months even after a deal was reached in Brussels as the country’s political risk and the bank’s need for a capital increase are there. Monday’s big red candle and Tuesday’s gap down make a support breakdown the most possible scenario.

NBG (6 months)

nbg

Chart: Stockcharts.com

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