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
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
| Code | Buy | Stop | Target | Risk/Reward | Comments |
|---|---|---|---|---|---|
| ING.NZ | 1.18 | 1.14 | 1.28 | 4c/10c | breakout |


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