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Trading signal on Greek stock exchange

We can see a clear downtrend in banking stocks in the Greek stock exchange (daily chart). In that case the only possible action is short selling when the stock price visits the downtrend line. We have spotted 3 banking stocks as candidates for short selling even though we expect all banking stocks to move in tandem more or less. Also we can observe a head & shoulders pattern in all 3 daily charts. This is a possible swing trade meaning that it can last from 2 days to about a month. 

ALPHA BANK
Alpha bank in downtrend

Alpha bank in downtrend

PIRAEUS BANK
Piraeus bank in downtrend

Piraeus bank in downtrend

CYPRUS BANK
Cyprus bank in downtrend

Cyprus bank in downtrend

banking stocks, downtrend, Greece, short seeling

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  • Possible breakdown in Greek stock exchange
  • Application of a simple strategy in EUR/USD
  • S&P 500 runs out of fuel
  • Short term downtrend in Greek stock exchange
  • Possible upward movement in S&P 500

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  • Day/swing trades
  • Economy/Politics
  • Trading signals
  • Trading strategies

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