Here's a quick macro view of the stock from Dutch insurer NN using Ichimoku cloud indicator. Indicated are the zones/levels of interest where we can be looking to invest long term.
Note: this is my view and not financial advise.
After posting a more than 14% drop in 2022 operating profit (1.74bn), missing market estimates of 1.84 bn, and even though its operating capital generation (OCG) jumped 8% to 1.71 billion euros last year mainly thanks to higher interest rates and a strong business performance of the Netherlands Life and Insurance Europe segments; the company is shaping the biggest...
The technical figure Falling Wedge can be found in the daily chart in the Dutch company NN Group N.V. (NN.as). NN Group N.V. is the parent company of NN Investment Partners and Nationale-Nederlanden. Nationale-Nederlanden is one of the largest insurance and asset management companies in the Netherlands. The Falling Wedge broke through the resistance line on...
NN look ready for another drop after closing with a high volume dump.
The RSI and MACD have not bottomed out yet and it will test support levels which will fail after it failed to hold 200MA.
Since time and price allign with a cycle time of 144 = 9 (a new wave has started)
I aim at taking profit in 29.00 - 28.50 euro range
This trade has been made with a booster short with swift profits coming in in the first two hours of trading.
Best to your trading!
