ING is projected to hit 10% ROE and therefore projections for ING were recently upgraded to €14-14,50 by several rating agencies/banks.
It's currently in an uptrend with fundamentals looking decent (RSI strong, MACD not too high).
On medium term (daily chart) RSI is low to medium and the MACD is about to cross into an uptrend.
I have opened a 17/5 11C position.
It's currently in an uptrend with fundamentals looking decent (RSI strong, MACD not too high).
On medium term (daily chart) RSI is low to medium and the MACD is about to cross into an uptrend.
I have opened a 17/5 11C position.
Comment:
Rise is way steeper than expected without much resistance. Resistance levels seem to be acting as support levels. Do expect a pullback to the 11.14 resistance line.
Trade closed manually:
Closed call options at +80%.