Of course, the alarming “signals” that assets have been sending since the beginning of the week, such as the “plunge” in cryptocurrencies, the climb of the US bond yield towards 3% and the shift of money flows to the US dollar, are worth taking into account. Greek investors, however, is recommended by the certified analyst, Petros Steriotis.
According to Mr. Steriotis, the upward trend of the last few weeks in the Banking Index is starting to come “before its responsibilities” based on what the daily price chart of the sector (DTP) shows. In particular, the downward trend line that connects the most important highs of the year passes through 600 units. At the same levels is 50% of the “rally” from the lows to the highs of the year, as well as the psychological resistance that the “two dozen” average daily closes pose to DTP.
Πέτρος Στεριώτης (Χρηματιστής) Petros Steriotis 