ING broke multi year resistance
strong bullish sign in my eyes and with the overall rally in banks worldwide im buying ING
just my idea, trade your own plan!
Stochastic divergence on a channel line support. Not a big move, but it's a high percentage trade.
Buy: 18.13
Target: 18.30 - 18.57 (0.97 - 2.47%)
jbzstocks.com
@jbzstocks
After 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 -...
Normally I look into patterns only on Dutch stocks and index, but as of Dutch ING N.V (inga) is going flat and closed today slightly higher while stochastic lowered. It got my attention to look into more detail.
The Dutch AEX-index is still going flat after hitting 484 and a bit in FTI (future contract), so did the major financial stock in the index. It goes...
Not much into harmonic theory, but this is a clear AB=CD pattern.
Strong correlation between price action and downwards pitchfork.
RSI, Stochastic, CCI, and MACD are showing signs of retreating from their overvalued status.
