At least relatively to bank stocks in the Greek stock exchange the prior downtrend that has been developing from November 2012, shows clear signs of reversal. As we can see in the charts of the three basic Greek bank stocks we have at least two higher consecutive lows (A,C) and two higher consecutive highs (B,D). These highs and lows define a clear uptrend. If anyone opens a long position he/she must put the stop loss behind the previous lower low in case something goes wrong. The position must be opened after a correction and preferably near the uptrend trendline. The position size must allow us to risk a small part of our capital and not all of it.

 

 

Bank stocks, Greek stock exchange, long, uptrend