Bullish potential detected for ING

13 Apr

Entry conditions:
(i) higher share price for 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).

18 Apr

Pesanan dibatalkan

UPDATE (week ending 17-Apr): Although it could be claimed that the trade had activated on 15th April with a declining negative sentiment on the DMI/ADX indicator and a rising RSI on that day, that would be "drawing a long bow". For anyone who did manage to take advantage of the slightly bullish action on that day, congratulations, it's turned out quite well towards the end of the week. However, for the sake of the exercise, let's move to the next trade and wish shareholders all of the best. :)