ABN Amro Bank - 30d expiry - We look to Buy a break of 9.63 (stop at 9.29)
Prices have reacted from 8.69.
Posted a Double Bottom formation.
Short term momentum is bullish.
There is no clear indication that the upward move is coming to an end.
A break of the recent high at 9.62 should result in a further move higher.
Our profit targets will be 10.44 and...
We made the run on the vaccination news in november and closed our position at the top. Then we went short. Last week closed shorts and are in cash.
Why?
We are at a crossroads. We do not know what effect the dividents news will have on the bank stocks, and same goes for the increased ECB support/lending. So it was safer to wait and see. We did not see much...
Take a look at the pattern at Aben Resources.
It's always similar but to varying strengths.
In the Canadian taxloss season, the Canadians sell everything that is not nailed down and then buy it back in the new year.
If good drilling results have been presented, the share price has risen by 300, 500 or even over 600 percent.
If no noteworthy drilling results were...
EURONEXT:ABN has not been performing well since the peak of januari 2018. Since then it has steadily dropped from 28 euro's to 18. Where at first it looked like it has found its bottem there. However the price quickly broke support, made support new resistance and dropped 60% from there. After that 60% drop the stock has found its bottom around €5.70 which is 80%...
The coronavirus COVID-19 overreaction pushed stocks to their lows.
Looking at the charts for ABN AMRO BANK N.V. we can say that this Dutch bank is heavily oversold.
It's clear that ABN is in a somewhat broader downtrend in a descending wedge that will break eventually, but until then it will bounce within these lines.
Two resistance levels are upcoming. A resistance line within the 20.95-21.05 range and the downtred upper line. RSI is also rising really quickly but with lower tops.
Could well be green until monday 8-apr-19,...
