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
The stock had a good run, but now it doesn't seem to be able to break trough the resistance of 14.61, but I think that after a correction, it should continue its uptrend. If history is an indicator, this should be a nice stable trend lasting around year. I don't think that it will completely follow the pattern, it might also be a bit less steep like in 2010-2011.