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Post by huh on Oct 15, 2013 7:35:30 GMT -5
So much for my worries and charts re: NBG. Nice day yesterday and already up more than 4% in PM.
Go Maxi, Go Maxi, Go Maxi!
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Post by maxi on Oct 17, 2013 18:25:17 GMT -5
Making progress.. I think this is going to go on for a while longer tho..... I would be amazed and buy if it fell to 4.56 again.... In fact that under 5 spot seemed to be it.....
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Post by maxi on Oct 18, 2013 12:32:05 GMT -5
Okay I just do not get why everyone on this board except 2 people and me are in NBG. You are missing huge gains and that is just dumb. Is it because I said it was a good buy? Or are you guys just SO entrenched in your political BS discussions that you can't see the forest for the trees? PLEASE do not make this one of those "waited for the pullback that never came" stocks.... You don't have to buy 50K worth hell if you just want beer money for the year buy 500 shares.....
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Post by maxi on Oct 18, 2013 12:35:20 GMT -5
Oh and I will respond to the "oh but it is overbought" comment.. if necessary.....
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Post by huh on Oct 18, 2013 12:37:34 GMT -5
I'll definitely give you a "You told me so".
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Post by birthmark on Oct 18, 2013 12:52:10 GMT -5
Maxie-- Funny I've been thinking a lot about NBG recently. It's been in the back of my mind gnawing at me. I don't have any presently -- no real funds ATM -- but it is on my watch list. Now about that pullback...
GL
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Post by maxi on Oct 18, 2013 14:22:25 GMT -5
Maxie-- Funny I've been thinking a lot about NBG recently. It's been in the back of my mind gnawing at me. I don't have any presently -- no real funds ATM -- but it is on my watch list. Now about that pullback... GL I sense a profit taking pullback maybe Monday Tuesday. I can only hope to. At some point I may have to pay more than I want to for more.... I am in the same boar as you tho.... very low on available cash at the moment....
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Post by maxi on Oct 18, 2013 20:32:04 GMT -5
Here's an even more interesting way of looking at NBG... I had to use 9.19 instead of 9.20 because TOS (or my finger on the trackpad) was not cooperating. Point is you can now judge resistance on the way up with this fib retracement...
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Post by maxi on Oct 18, 2013 20:35:03 GMT -5
Close up view now that you know where those lines came from.....
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Post by huh on Oct 18, 2013 21:16:29 GMT -5
You go you Fibber!
That's exactly the major FIB I'm watching. Get over the 61.8 and this thing will moooove.
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Post by huh on Oct 19, 2013 12:12:44 GMT -5
And a sign of a healthy move up is when the price backtests each captured FIB on the way up - and this move is. (I'm speaking of the major FIBs only, 38.2, 50 and 61.8). I'd feel better had it not left those gaps below, but they don't kill the possible upside and could remain indefinitely.
Look at that monster up move in April/May of this year. Although it also gapped up, it never even attempted to backtest those captured FIBs - a sign then that the move would likely be retraced fully. And the fact that it also needed a backtest of a previous bear pattern was another strong signal.
Another good rule of thumb with FIBs is that once a FIB is captured, it should hold as support. If previously captured FIBs start failing then something is wrong with the move. But I think this will hit the 61.8 FIB by the end of the month and shouldn't even be a concern until that happens.
If this can hold over that 61.8 FIB for more than a day I would say that NBG is out of the woods for more downside. And yeah, I know, it will have almost doubled by then. But in my mind this stock is still under $1. I'm looking for reassurance for a long term buy and hold. That April/May move peaked and held over the 61.8 FIB for only one day and then gapped down below it the very next day. I want to be be sure it doesn't happen again (especially if it hit that 61.8 FIB on 10/30 - that's where the top of a potential bear flag and the FIB coincide).
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Post by maxi on Oct 19, 2013 13:10:13 GMT -5
Some fundamentals.... Please note that ekathimerini is an important conservative publication..... Greek Banks LureAnd also this: Greece is also due to join the MSCI emerging markets index in November, which would open it up to funds benchmarked to that index.
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Post by maxi on Oct 21, 2013 14:59:01 GMT -5
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Post by maxi on Oct 21, 2013 15:04:43 GMT -5
NBG is up 48% in the last 3 weeks. I would think profit taking would be in order here... Apparently some others thought so too today..... Be fine with me for it to backtrack somewhat from here....
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Post by huh on Oct 22, 2013 8:39:11 GMT -5
NBG hitting the top of the parallel channel now at 6.44. Would be another bullish sign if it could break out above it.
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Post by maxi on Oct 23, 2013 12:02:38 GMT -5
Keltner channel and trend channel
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Post by maxi on Oct 23, 2013 12:47:33 GMT -5
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Post by birthmark on Oct 23, 2013 13:30:45 GMT -5
Can see her dropping to 5.50 Maxie. You? Would like more of a pullback before pulling the trigger but she's in my scope For a LT hold. GL
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Post by huh on Oct 23, 2013 14:19:33 GMT -5
JMO - ~5.71/5.72 would be the 61.8 FIB of the recent up move and a backtest of the mid-channel support that served as resistance on the way up. That would be a likely support area.
Any lower than that and it might lose some upward momentum in the short term and would be worth a wait and see.
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Post by birthmark on Oct 23, 2013 14:43:17 GMT -5
Thanks Huh. I appreciate your input and charting skills. And I will be watching.
GL
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