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.
Rise is way steeper than expected without much resistance. Resistance levels seem to be acting as support levels. Do expect a pullback to the 11.14 resistance line.
Trade closed manually:
Closed call options at +80%.