Hello Guys, (Sorry for my English) Just an idea for a long trade on INGA. It looks like he create a beautiful cup and handle and the handle is between the 0.5 and 0.6 trend line of Fibonacci. Cup and handle target => around 11.5 Fibonacci first target => around 12.22 It's not an advice, I just share my idea and I'm open to listening to your opinion. Cheers
Ichimoku is showing us the way. Still a little early on the 4H, so entry positioned on the 1H timeframe. Target 61.8% fib level
According to the shown figure, I expect ING Groep N.V. stock to rise in the coming days. Keeping in mind most investors will use a support-resistance approach, I have conducted one myself. As shown, the channel between support and resistance lines has been relatively constant overtime, with enough hits or "approaches" to both lines, after which short-term reversal...
Update; See price action on Daily and Weekly chart after Halfyear Earnings
Just Follow up on Dutch Financials Next Earnings DateAug 01, 2019
I like ING a lot because of how good it is looking. the company has good fundamentals, overall opinion of Europe and other fundamentals scared investors but european banks where punished hard this year. And ING is rebounding nicely.
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.
NICE H&D FORMED ON ING, WAITING FOR BREACK OUT, TARGET MAY BE THE GAP BETWEEN POINTS 15.32/16.15
It is on the trendline of 2009 till now, a good one to go long again, if not it breaks down to nrs of before 2015
Waited for last weeks candle to close, bull engulf at nested WK demand, great setup! Price at 3M and MN demand as well. Long bias from here!
The 3rd trade in the challenge is the INGA short. Recent press surrounding a money laundering investigation headed by the Dutch authorities, coupled with a weak trend, make ING Bank a perfect candidate for a short position. As previously stated i do not take a physical short, I use put options to gain exposure to the downside. With almost 40% of my £800 capital...
04/25/2018: Price has found support on Warningline of TrendChannel up. Will it hold again and push to: - € 15,50 (target 1 for long) - € 17,50 - 18,00 (target 2 for long) or will it fail on retest and fall to: -€ 11,50-12,00 (target for short)
We might see a long term of correction / consolidation. This can take some time however it's just a healthy market, when we go up we once have to go down as well. The indicators show the lower bottoms which results in a downtrend. For questions please comment. Peace out
Where can price move from here? 2 logical 2 scenarios for targets and entry levels.
Where can price move to from here (Close March 27, 2018)? 2 logical scenarios