Look Overseas For Potentially Big Gains

While the U.S. market is looking weak, this country ETF is taking off.

Additionally, the setup enables a reward to risk trade that is 4 to 1.

And it’s also a low-priced ETF.

Read below for a trade idea that doesn’t depend on the U.S. market to work out well.

As you can see from the chart below Greece (GREK), has traced out a classic bottoming formation.

https://lh6.googleusercontent.com/onKWoNio5Ti5KwD7Rw4mURAKKpIMVkjAduAJjZlBmjgMDx5z8Hjjh3nPJ4lujjdDB2-P-xLrKo9uGWDdwuZYEFCbhAFIAHops1xRZLmj9XN48u7RVL5uoM5yAuBQPOV8rMRbScE1

It broke over its 200-day average, then retraced to it, and then broke above its previous swing high around $8.70 on big volume.

After a month of consolidation, it’s on the move again.

The set up is to be a buyer between $9.40 and $9.60 with a stop under $9.00.

The bigger picture is not visible in the chart below, but the first target area is around $10.80 and then $11.50, which would represent a gain of 4x the $.50 risk.

Trade smart,

Rick Nartarian, Chief Investment Officer
The American Investor Daily