ING Group basic support increase expectation
According 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.
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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.