InvestingScope

GREK: Greece ETF, potential for +20% profit.

Long
AMEX:GREK   Global X MSCI Greece ETF
GREK has broken upwards in late May following a Golden Cross formation in late April. The last 3 times a Golden Cross took place the ETF rose (on the cross date) by +8.40% once and roughly over +30% twice. Currently it is already up by +8.40% from the Golden Cross occurrence so if it starts breaking higher, we have a confirmation for an additional +20% rise, which puts the upside target at 11.45.





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