ING
To buy ING stem dip.ING Groep - Intraday - We look to Buy at 8.484 (stop at 8.169)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
8.500 continues to hold back the bears.
8.193 has been pivotal.
We look to buy dips.
Dip buying offers good risk/reward.
Expect trading to remain mixed and volatile.
Our profit targets will be 9.284 and 9.484
Resistance: 9.500 / 10.000 / 10.500
Support: 9.000 / 8.800 / 8.500
Daily chart for perspective
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ING.ASX_CPR Breakdown_ShortENTRY: 3.34
SL: 3.50
TP: 3.17
- ADX<20. Would like it to be higher.
- RSI>30,RSI<50
- Daily RS +ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI -ve
- Weekly MACD -ve
- Broke down from trendline and ichimoku cloud on 18 Feb 2022.
- Subsequently retraced but doesn't look successful on 22 and 24 Feb 2022, ending with long head.
- Below HVN level currently as well.
- Entry based on breakdown from CPR.
cocos/usdt THROUGH the moon, no fire damageit's not difficult to examine cocos/usdt's displayed historical wave pattern and draw the conclusion that something tremendous was going to happen.
before i made my investment, i discovered that with all of that fibonacci-ing everywhere, we were headed actually through the moon and appx 14 miles beyond it. having learned this fact, i setup a fire extinguisher to put out the flames from the rocket after it passed through a meticulously constructed bullish cypher mist, since we are not allowed to burn the moon. all of this would result in the large cash prize, but in this instance we also see the addition of a large congratulatory thumbs-up from singer-songwriter Sting. in space ! i did not realize that Sting is in space.
of course, crypto market volatility threw the rocket off its trajectory, as you can see depicted in the graph that unfolded. at this point, i predict a more bearish future with a bullish past, like a bearull , or a bullear , or some kind of invention from pokemon or an acid flashback.
ING Long (Perfect buying moment) (Eur stocks) (R/R 1/1.2)ING had a nice pullback just now, it is now at the point that was a 3 time resistance before after the covid drop, we can build support here a few days in 2020 and then 2021 go back up.
It is a good risk/reward of 1/1.2 so buying seems useful.
Time to prepare shortsGetting ready to cross the SMA10 on the Renko chart, having OBV trending down. Once SMA10 is crossed and OBV continues down, there will be great short opportunities.
About Renko Charts
A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and standardized time intervals like most charts are. It is thought to be named after the Japanese word for bricks, "renga," since the chart looks like a series of bricks. A new brick is created when the price moves a specified price amount, and each block is positioned at a 45-degree angle (up or down) to the prior brick. An up brick is green, while a down brick is red.
INGA - dutch bank - outlookHad a great run with INGA, then the sell-off from the top.
Stochastics on weekly say we have downward momentum still. INGA is holding at the first green line (support) and if it breaks will move to the next green line (1 channel lower) if that breaks.... etc. etc.
If INGA manages to break the red resistance line we will have a breakout and can go in for a swing trade.
I am neither overly bullish or bearish on INGA right now, it could go eitherway. The bank is healthy and well funded, covid is not over yet, let's see what happens and trade accordingly!
Remember, just trade the chart, not the company!
“Kiwi” shows the dollar how to respond to rate cutsYesterday, several influencing decisions on easing monetary policy from the “echelon” were coming out of the Central Banks. In particular, New Zealand’s central bank cut interest rates a steep 50 basis points. The Reserve Bank of India also cut the rate by 0.35%, as well as the Bank of Thailand by 0.25%.
As a result, The New Zealand Dollar has been depreciating in a descending channel pattern against the US Dollar (3%). That is, the New Zealand dollar shows American how to respond to monetary easing. In this light, it would be useful to recall that the US dollar, by and large, ignored the Fed rate cut last week. That is, it continues to develop the potential for a downward movement. So, its sales continue to be relevant and perspective in terms of earnings.
Moreover, after the devaluation of the renminbi, Trump’s desire to devalue the dollar increased even more. According to Viraj Patel an ING strategist, the United States might conduct direct foreign exchange intervention by selling dollars from the Exchange Rate Stabilization Fund (ESF). And this is not the only option. The Fed may make currency interventions or may be the Ministry of Finance or both bodies at the same time, as it usually happened before.
As for gold, the current mood is clearly on the buyers' side, as well as the general fundamental background (the next round of monetary easing by leading central banks). Also, the Central Bank of China is actively increasing physical gold purchases, creating additional demand for the asset in the market. Nevertheless, in our opinion, gold is too overbought and for now, we will refrain from buying it in the movement direction. Now, if we make purchases, then from extreme daily lows, but in general we begin to prepare for a correction and early gold sales.
Today is not rich in important macroeconomic statistics, so there is every chance of continuing the development of current trends.
As for our recommendations, we will continue to sell the dollar on almost the entire spectrum of the foreign exchange market. Pound purchases are still interesting to us in the long term, as are sales of the Russian ruble and oil.
Shortterm ING GroepING 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.