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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.
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.
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: Long term trend after correctionThe 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.
Bullish potential detected for INGEntry conditions:
(i) higher share price for ASX:ING along with swing up of indicators such as DMI/RSI, and
(ii) observation of market reaction at the resistance level at $3.30 (from the open of 18th February) after closing above 50 day and 200 day MAs.
Stop loss for the trade would be, dependent on risk tolerance:
(i) a close below the 200 day moving average (currently $3.22), or
(ii) below the support level from the open of 21st February (i.e.: below $3.19).
ING's exchange rate projections - EUR/USD rate forecast at 1.300Foreign exchange analysts at ING considers that stresses in the bond market could continue in the short term and contribute to a further dollar correction stronger .
Nevertheless, it expects inflation fears will subside which will allow yields to stabilise. In this environment, the bank expects that the dollar will weaken again as the Fed maintains a very accommodative monetary stance. The bank has a 12-month Euro-to-Dollar (EUR/USD) exchange rate forecast of 1.3000.
US Dollar (USD) exchange rate losses to resume, Fed to stay very accommodative
ING notes the importance of US bond markets and increase in yields for short-term currency moves. The sharp increase in yields has triggered dollar gains and a dip in commodity currencies while the Swiss franc and Japanese yen have weakened.
This threat could continue in the short term; “With the Fed yet to express concern over the bond sell-off, US Treasuries could stay under pressure into the March 17th Fed meeting. EUR/USD could briefly correct to 1.17 mid-month.”
Nevertheless, ING does not consider that there will be permanent inflation threat and expects that yields will stabilise which will allow pro-cyclical currencies to strengthen again.
In short this means we regard the current dollar rally as a bear market bounce and remain fully invested in a 2Q story of a broadening global recovery, which should lift all currencies – including the EUR.
ING expects that the Euro-zone vaccine programme will eventually get into gear which will help underpin the Euro.
The bank maintains a 12-month EUR/USD forecast of 1.3000 as the dollar loses ground and the Euro posts net gains.
ING Group basic support increase expectationAccording 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 of the trend kicks in.
I also searched for a reason for the small breakout that happened before the stock of ING picked up the channel I have described. I conducted a simple trend analysis (red lines). What might have happened is that investors conducted such an analysis at the time, which would have resulted in a three point hit on the support trend. This would have given investors the confidence to engage in massive investments on the stock of ING, as a result of their plots being accurate.
Let me know what you think! I'll keep on posting ideas in the near future!
May the market favor you.
ING ready for $6 or time for reversal? Welcome fellow tradingviewers,
This our second individual stock pick from 2020 and we have already been following it closely.
We have already opened up positions at the 50 weekly moving average and are now seeing some signals that could mean disaster for ING.
Today the Dutch bank ING announced that it will require everyone with more than 1 million on a account will need to pay -0.5% interest on that money. Following the Dutch bank ABN.
To let you guys in on our vision lets start analyzing:
Monthly :
- Huge bearish engulfing has closed this month which indicates more downside momentum.
- We tested the 100 MA on the monthly and rejected it indicating more downside momentum.
- We are on the verge of crossing bullish on the MACD indicating upside momentum.
- We tested and rejected the 0.382 Fib indicating more downside momentum.
- RSI neutral
Weekly :
- We rejected the 100 MA and it followed with 3 weeks of Bearish engulfing candles, indicating more downside momentum.
- We closed below the 50MA (confidence indicator) which indicates more downside momentum.
- MACD has just crossed Bearish indicating more downside momentum.
- RSI neutral
Daily :
- We have just rejected the 200 MA indicating more downside momentum.
- We have closed the daily candle as a Bearish engulfing candle indicating more downside momentum.
- MACD is negative, indicating more downside momentum.
- RSI is oversold indicating upside momentum.
In summary:
There are a lot of signals on why the price should go down. We can find more that for a bullish case therefore we are keeping our short open aiming at the 6 area.
In a week the earnings will come out. The earnings of other banks have stated various results where JPM did bad after great earning Deutsche bank did great with bad earnings.
Let's see where this is going the next few weeks will definitely be important!
This analyses is only showing you guys our vision on ING and should not be considered as financial advice. If you agree or find this analyses useful, don't forget to leave a Like !
If you have anything to say about this analyses you can do so in the comments below!
Kind regards,
Forallcrypto
ING _ yearly outlook _ short zone projection into Time&PriceAfter a strong run up from the Brexit Low in the banking stocks, ING seems to lose momentum for extra buying power. However a correction may scare out a lot bulls, it will set in the last wave leg up on the weekly timeframe.
As investors are following the information servive from TradingEcology it would be a sure thing to close out all long in the zone 15.17 - 15.55 euro
Harmonics are plotted around 15.33 euro in ING and are approved by Gann in time&price.
TradingEcology will update around 20th of March 2017 to fine tune short 'opp. in lower timeframes.
Best to your trading!






















