Bearish div ABN AMRO on WeeklyI am a little late posting this chart, entered at 26.8, it's too late now , but it's for my own record.
TP
24,51
E
26,8
SL
28,16
Trade #00014
Trade ideas
Bearish Brutal setup 1D ABN AMROAgain trying a bearish brutal setup, in which 2 ATR EFI is slightly above 0 and Stochastic RSI is turning, also resistance rejection of 15.21
E. 15,02
TP 14,47
SL. 15,3
Trade #00010
7 trades now closed: 5 out of 7 worked out (hitrate 71,43%)
Bullish div on 1D ABN AMROEntry: 14.595
Exit: 14.99
SL: 14.39
Bullish div MACD-H, not EFI, after long bar down it pulls up now. -1 ATR being kept as support. sRSI bullish.
Trade #00002
Powerful Signal for Buy On AB2 (ABN AMRO BANK NV)As you can see from the chart, the price right now is in a strong support zone, with a green squeeze candle (spring box). And we are likely to see a significant explosion in price to the 14.90 levels.
Short, target 15.875Following daily chart and got a short signal from my screener.
TP1 15875
TP2 15545
SL Stop above 16300 candle close.
ABN Amro most boring trade everLooks like the price is going down to our trend line. From here we could go back up to the 618 fib level. It is taking a long time to finish the waves but its stable and easy to invest.
Abn Amro Bank Long positionPerfectly bullish candle up from support.
Back to 1ste resistance possibly higher.
ABN - possible long tradeafter the breakout of the pattern, the price made a retest to the zone, and after a smal channel the price take off
trade 1:2,5
Target 25.17Following weekly chart
There is a clear cup & handle formation.
I mostly follow handle target, so
TP 25.17
SL 9.16 - I know it's too far away but technically this is what it is.
ABN continues to rise after a double bottom.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 10.84
Resistance: 9.60 / 9.80 / 10.20
Support: 9.40 / 9.20 / 9.00
Disclaimer – Saxo Bank Group.
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Is ABN AMRO about to grow 33%? As explained in the video, it seems ABN AMRO may continue the previous uptrend and grow further 33% in 58 days.
Let's see :)
ABN - Dutch Bank - outlookWe 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 action from the news (no major movement). ABN tried now several days to break out of the red channel, but failed and kept re-testing support.
It is a critical moment for the banks. With major lockdowns ongoing and the realisation that vaccine rollout will take time, there is not that much to look forward to in the banking sector. We might see a wave of foreclosures of small businesses due to extended lockdowns of restaurants, cafe's, and non-essential stores (clothing etc.), and we still have tourism industry and airports that are bleeding. Big brands will still find traffic to their webstores, but small businesses will struggle.
On the upside, the european economy is robust and several sectors are overperforming (IT, ecomomerce, semi-conductors, metal, to name a few).
Will the critical resistance at 7.918 hold? or are we testing lower? Let's simply wait and see. There is no major play to be made here until we can get a confirmation if the red channel will be broken, or continue downward. Shorting here based on the stochastics indicator is an option, but I already took profit from my short from the top and as we reach bottom shorting becomes more and more risky as a move. Also there are other more interesting trades out there right now.
Stochastic indicators on the weekly and daily tell us we are poised for longer downward movement. However in this market we have seen some pretty unexpected volatitliy up and down, so keep a watch for a break in the pattern and re-adjust strategies based on that. See below charts:
Trade safe.
Remember, trade the chart, not the company!
ABN AMRO BANK buying zoneNear 8€ seems like a good buying zone.
This is a resistance level.
Be patient and be prepared.
ABN - buy the dipABN is stalling, volume decreasing, little buyers at the top of this rally. We have been pulling back for 2 days and did not make a new pre-march high.
Take note that we pulled back exactly from the purple/pink top trendline.
We did not break top resistance and will retest bottom support first around 8.840 then possibly 8.650.
Looks like a buy the dip, weekly trend is still up.
ABN - shorting the news cycleEURONEXT:ABN
We completed a very nice 2 day bull run yesterday based on the Pfizer vaccin news. Such volatile runs based on short term news are often short lived as fundamentals regarding covid have not really changed and true industry rotation is far away. After two straight days of gains I sold yesterday afternoon.
This morning I shorted ABN to 8.3, now looking to see if the bottom support holds or if we are retracing all the way back to re-test 7.92. Not decided yet if I should short, probably will go short as we go down and only for short and small ammounts to minimize risk.
Looking to re enter when we find a clear support and start to move back up.
Good luck trading!
Enter long here - ABN - Beginning of the third flagpole up!I have been following this stock since the crash in march 2020. I always pay attention when Dutch bank stocks tank. Main reason is that Dutch are super conservative when it comes to banking (in comparison to USA especially) and regulate the sector well. This is the second biggest dutch bank and it's chart is very similar with the nr1 (ING) which I also have opened a position in.
As you can see in this chart the bounce off the last top level resistance confirms we are out of that channel and going for another bullrun. The third flagpole since march should start right here right now.
I believe the weak hands folded last friday and there is no selling power left. Onwards and upwards from here then! My projection shows a significant upside to be reached in 7-11 days give or take (timing is always hard).
I will keep following the developments of this stock and edit this post if we see major deviation from the current trajectory.
Why you cannot go wrong with this stock long term IMO:
-Well funded well capitalized bank
-Government has a strong position in the bank
-New CEO updated the strategy last month and it looks very promising
-More focus & less risk means this bank will see it's profits rise of the next months
-Q2 losses were about 40 million less than expected!!!!
-Q1 and Q2 all major losses were all booked and Q3 profits are expected again, it should be sunshine and rainbows from here on with the potential of some positive surprises along the way even!
