ABN trade ideas
ABN AMRO BANK N.V. OversoldThe coronavirus COVID-19 overreaction pushed stocks to their lows.
Looking at the charts for ABN AMRO BANK N.V. we can say that this Dutch bank is heavily oversold.
ABN Triple bottomWe can expect to go up after reaching the 15.6 support level for the third time.
Stop loss : 15.00
ABN short term green, returning to red in a weekIt's clear that ABN is in a somewhat broader downtrend in a descending wedge that will break eventually, but until then it will bounce within these lines.
Two resistance levels are upcoming. A resistance line within the 20.95-21.05 range and the downtred upper line. RSI is also rising really quickly but with lower tops.
Could well be green until monday 8-apr-19, but looks bearish after.
Will be keeping and eye on it. If I see a clear rejection at either of these two levels, I'll trade on it.
ABN AMROthe trendchannel is holding very nicely, im in buys too the old highs and maybe even higher, just my idea
ABN-AMRO (NL) medium term trend reversal short setupWith general market weakness and a rapidly detiorating banking sector, we are looking for good short-entries. ABNAMRO offers excellent risk/reward opportunities for the next 2-5 months.
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ABN AMRO Group possible short setup on triple top.ABN Amro is in an overall downtrend. On this pullback we already hit major resistance 3 times, and is about to reverse again. Wait for confirmation, with the stop loss and targets as shown. The first target is somewhat conservative, I expect it to go lower but it's already a pretty good risk/reward ratio.
