Ing (day analysis) has been trading sideways over the past six months between the €11.9
and the €9.4. The current short-term uptrend is approaching the band of
pivot;low and pivot;high at €10.8 and at €11.4, where initial support is likely
to arise. The price based indicators have reached neutral
levels, suggesting that the price is likely to rise on the short-term. Over the
medium-term, levels towards the €11.4 are achievable. At this point there is no
reversal signal on the chart given. We are comfortable to start accumulating.
Medium
term: €11.4
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