Netherlands: ING Groep shares price prepares for new decline – Analysis – 23-5-2019

ING Groep shares price ended its recent trades by providing negative close below 10.10 level, hinting the preparation to resume the main bearish attack, to notice recording 9.84 level, while the stability of the broken support and forming additional resistance allows us to suggest more negative trades to target 9.60 level initially, followed by attempting to press on the key support 9.10.

The consolidation of the moving average 55 above the current trades confirms blocking the price within the bearish channel, also, stochastic attempt to move towards 20 level will provide new negative momentum to increase the chances of achieving the suggested targets.

The expected trading range for today is between 10.00 and 9.60

The expected trend for today: Bearish