November 22, 2024

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Yano, you idiot!

Yano, you idiot!

By Apostolos Manthos

Hopefully, the general index will reach 1,023 points, unless somewhere above that it gets dizzy and wants to drop a little bit. Many stock values ​​have outperformed participating in the bullish cadence in the past few days. But four of them, Piraeus, Aegean, Hellenic Stock Exchanges and Premia Real Estate AEEAP, stood out in terms of percentage increase and in terms of strong volume of transactions, attracting the attention of investors, both institutional and non-institutional, every day.

I start with her inventory Piraeus (PEIR), which, the last time we charted, around the beginning of February, approached €1.90 with a clear readiness to test the Euro. In fact, we mentioned that the upside split of the long-term ascending sideways channel “C” will give as a target price the height of the formation at the crossover point, i.e. 2.15 EUR. Therefore, the stock not only exceeded 2€, not only did it jump over the fence of the schematic target 2.15 but recently it started counting with the tape measure the distance separating it from the 2.40 resistance area with 2.50€. Perhaps the only element of concern is the technical Relative Strength Oscillator (RSI) which has reached an unprecedented overbought level of 88.86 units, not seen since February 2006. It is a technical fact, however, that it is subject to a kind of downward “vent” from The excess upward ‘steam’ that has been produced since the beginning of the year. Don’t let the boilers explode either.


in stock Aegean Airlines, somewhere at the end of last year, he informed us that it would be the last year that would carry in its luggage the bad scripts of the pandemic crisis that raged all over the world in 2020. As we indicated, when the share price was still unchanged at 5.40 and was struggling to break the resistance of 5.45 euros To top it off, that in 2023 Aegean Airlines will launch a “general offensive” on all fronts and now has a fleet of over 72 aircraft. So the opening impulse was already given with the upside breach of the €5.45 resistance which gave a violent bullish impulse to 2022 highs at €6.34, but the truth is that we did not expect the stock to enter as a raging bull in a glass shop and make everything shine in its way by reaching the same resistance Large from 7.70 to 7.80 euros. Now the possible return of the share, if it happens of course, as the tourist season is expected to be hot, towards the level of 7.20 to 7 euros, can be considered good waters for repositioning.

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the Greek Stock Exchanges (HSE) We set them in mid-January at €3.25 with features to “bet” the visionary CEO of the group, Gianos Kontopoulos, giving him the right to press the “reboot” of the enterprise and allowing him to risk an electric shock. From that day until today, the stock’s behavior has left us speechless, given that we haven’t been used to this sort of thing for years now, especially on the upside. The stock caught fire, not only the €3.45 resistance, but also the €4.09 and €4.36 resistance, until it reached €4.525 with a crushing +40% increase. The volume of transactions that have been executed since that day in January until today is very impressive at over 12.3 million notes or 20% of the total capital, with more emphasis on the strong ‘change’ of the investment guard. Hey Jano, you’re doing very well, no big deal for the region 5.00 to 4.90 €. We mentioned it and we will say it again that the Hellenic Stock Exchange has two “bonuses” of gold on the way to 2024. Firstly investment grade and secondly free entry to the big salons in developed markets.

Close with her Premia AEEAP Characteristics (Premia), where after recent moves both in the business arena and on the board by +25% it forced those who sold shares for less than €1.12 to say “water, water”. The verbal association of the recent ‘takeover’ with Sterner Stenhus Greece (Primia’s main shareholder) not only of the property (a plot of land with a total area of ​​99,209 sqm) and construction facilities within it with an area of ​​12,230 sqm), but also of the well-known natural mineral waters” Ioli” from an Athenian brewery. Therefore, pay attention to the stock’s further trajectory, as recent aggressive moves by management largely demonstrate the aggressive development path it appears to be setting out for 2023-2024. The stock price chart every two weeks is pointing more and more towards the area of ​​1.49 to 1.60 EUR.

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