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Monday, 16 July 2012

ING Groep NV (Dutch Banking Group) Technical Analysis: 16 July 2012, Monday, 11.35am Singapore Time

ING Groep NV (Dutch Banking Group) Technical Analysis: 16 July 2012, Monday, 11.35am Singapore Time

HIGH ALERT: 
Even Banking Groups outside the limelight of EU Zone are into trouble. 
Dominoes falling to accelerate soon. 

ING Groep NV: Triple High Selling Pressured Resistance exerted by the RED ZONE indicated. Weak Price Structure consolidation ended with breakdown of BLACK and ORANGE supports in 2011 and 2012; market patience with Eurozone has ended. Not only has Spain IBEX broken down the most critical of all critical supports, even those outside the limelight and had been quiet are facing judgement day music in Europe. 

Donovan Rating: accumulate next batch of mid term and long term SHORTS as indicated in Technical Analysis Chart (available for shorting in igmarkets)

The tornadoes are blowing strong. If one has any investments (exclude extremely undervalued penny stocks), one has to take necessary precautions. 

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