A lot of bad press around ABN + covid19 made people dump the stock massively in March and it has been undervalued ever since. It did not enjoy the steady recovery other stocks made after the march correction, making it a prime candidate for investment.
This Dutch bank is very well funded and healthy, large dutch gov. share + oversight (25%+) in the bank also...
We have many reasons to get into the short position here
1) 4hour trend continuation, going with the trend is always less risky as to opposing it
2) 78.6% fib resistance level from previous swing high to low
3) Heads and Shoulders structure formed, Double Top too
4) Divergence Spotted in the AO
5) AO getting into negative territory
6) Now we have a large bearish...
