ENTRY: 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...
ING has an Ascending Triangle that has formed since early December. With price finally breaking and producing a hammer on the new support level. There is however a potential for a fake out, therefore, it is important to place the buy order in a position that reflects this risk. With the massive gap that hasn't been filled since last August, there is no reason why...
ING getting squeezed tight into this corner, RSI holding above 50 showing change to bullish bias. Possible 13% profit if it breaks and gaps up.
Entry: $3.30 - Just above short term resistance/ breakout line
Target: $3.75 - 13.64%, this area is the top of the gap
Stop Loss: $3.07 - 6% stop loss as that would confirm that it was wrong and trend change
Relatively...
trade opportunity for ING to make the run. The directors are on to it and recently bought some more shares also. first major resistance should be around 3.50 i do believe it will spiral back down again so this could be the chance to make the last trade
$ING - INGHAMS GROUP LIMITED
Nice steady performing share setting up for more growth.
ING have been buying back their own shares and the bots rate them a strong buy so who am I to argue. It is a pretty heavily shorted stock, but I'm happy to bet against them.
Might be a little pull back short term with the inflated RSI, but I like them because I think as the...
