NBG ADR (August 31 preview)
Resistance lines all over the place for the NBG ADR. Recapitalization needs, diminishing deposit base, NPLs and country risk keep NBG bound at record lows. NBG Chart: Stockcharts.com
Resistance lines all over the place for the NBG ADR. Recapitalization needs, diminishing deposit base, NPLs and country risk keep NBG bound at record lows. NBG Chart: Stockcharts.com
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Recapitalization needs, diminishing deposit base, mostly bad loans, country risk and the global bear market are setting new record lows for NBG shares. Some stocktwits users even laughed at us when we recently said that is stock is crap. They can have as much of it as they want now. NBG (1 year) Chart: Stockcharts.com […]
The NBG ADR needs to move above its 100-day SMA (now @ $1.26) as this level has provided resistance several times in the last 2 years (see chart). The bank’s recapitalization needs are not helping the reversal from record lows scenario. NBG (1 year, 9 months) Chart: Stockcharts.com Please read the Disclaimer!
NBG ADR closing the week below $1 support. Greece political risk and the bank’s recapitalization needs are not helping. NBG (7 months) Chart: Stockcharts.com Please read the Disclaimer!
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 […]