Van Lanschot Kempen NV is an independent financial institution in the Netherlands. The Company’s activities are divided into five business segments: Private Banking, which offers private clients and entrepreneurs a broad range of products in the private banking market; Evi, which operates as an online investment coach; Asset Management, which focuses on a range of investment strategies while also offering fiduciary services to domestic and international institutional clients such as pension funds and insurers; Merchant Banking, which offers specialist services including equities research and trading, mergers and acquisitions services, and Other Activities in the fields of interest rate, market and liquidity risk management. The stock is listed on the Amsterdam Stock Exchange. The price chart formed a 17-month-long rectangle with the horizontal boundary acting as strong support around the €20.50 level. The horizontal boundary has been tested several times over the course of the chart pattern. A daily close below the €19.90 level will confirm the breakdown from the 17-month-long rectangle chart pattern with a possible chart pattern price target around the €16.00 level.
Trade active:
Price has dropped below the €19.90 level as indicated in the original trade idea to open the short trade position. Stop loss is at €22.70.