Where can price move to from here? 2 logical scenarios
Stochastic divergence on a channel line support. Not a big move, but it's a high percentage trade. Buy: 18.13 Target: 18.30 - 18.57 (0.97 - 2.47%) jbzstocks.com @jbzstocks
After a Gap up, if it opens higher monday, look to enter
Longterm Forecast ING Group: Move up to 15.25, then drop 11.25
After a strong run up from the Brexit Low in the banking stocks, ING seems to lose momentum for extra buying power. However a correction may scare out a lot bulls, it will set in the last wave leg up on the weekly timeframe. As investors are following the information servive from TradingEcology it would be a sure thing to close out all long in the zone 15.17 -...
Normally I look into patterns only on Dutch stocks and index, but as of Dutch ING N.V (inga) is going flat and closed today slightly higher while stochastic lowered. It got my attention to look into more detail. The Dutch AEX-index is still going flat after hitting 484 and a bit in FTI (future contract), so did the major financial stock in the index. It goes...
Simple analysis but more deep things are happening here as not displayed to public. Short target 12.18 after that we target on 15.10
ING target short towards 10.75euro
based on time&price a very likely short towards old top 11.60 and I would like to target 11.45 as a save exit.
Not much into harmonic theory, but this is a clear AB=CD pattern. Strong correlation between price action and downwards pitchfork. RSI, Stochastic, CCI, and MACD are showing signs of retreating from their overvalued status.
In short, the next few days will be in a bearish or sideways move. I'm predicting a strong correction to the median line in the next week or so