Monday, November 21, 2005

trade: ING - ING Property Trust

as mentioned previously, my original intention for ING was a dividend stripping trade, but after a trading halt and a positive placement, this becomes a more attractive short to medium term breakout trade.

as you can see in the barchart above, ING has traded at $1.18 today.
the buy depth looks very strong, with large orders between $1.17 and $1.15.
therefore I have just bought at $1.18 and have a medium term target at resistance around $1.28, with a stop loss at $1.14



CodeBuyStopTarget Risk/RewardComments
ING.NZ1.181.141.284c/10cbreakout

0 Comments:

Post a Comment

<< Home