Thursday, 3 May 2012

Greek Stocks continue to slide lower ahead of elections

 With low volume and clear absence of buyers, the market is sliding every day lower. FTASE 20 is moving towards our lower yellow channel line. If the upper resistance is broken then something can be expected in the future. Until then I remain neutral and would only make intraday trades biased to the downside, specially when the market opens higher.


The General Index broke the green triangle and as long as it remains below 700, it is biased lower. Breaking the upper green line would be an initial bullish sign. Maybe after the elections.
at 10:10

1 comment:

  1. Forexpros3 May 2012 at 11:36

    I'm interested in speaking to you about your content. Please contact me at lee AT forexpros DOT com.

    Thank you,
    Lee

    About Us
    Founded in 2007, Forexpros is a definitive source for tools and information relating to the financial markets such as real-time quotes and streaming charts, up-to-date financial news, technical analysis, brokers directory & listings, an economic calendar, and tools & calculators. The site provides in-depth information on Currencies, Indices & Stocks, Futures and Options, Commodities, and Rates & Bonds. With a growing readership worldwide, Forexpros is a leading global financial portal that is constantly committed to launching innovative features and sections to ensure an optimal one-stop source for its readers.

    ReplyDelete

Subscribe to: Post Comments (Atom)