Possible Gap up on #ING.
ING has an Ascending Triangle that has formed since early December. With price finally breaking and producing a hammer on the new support level. There is however a potential for a fake out, therefore, it is important to place the buy order in a position that reflects this risk. With the massive gap that hasn't been filled since last August, there is no reason why it cannot be filled if a breakout occurs.
Buy Price: $3.54 - Just above this resistance
Stop Loss: $3.47
Target: $3.74 - Although this may take abit for the gap to be fully filled
Buy Price: $3.54 - Just above this resistance
Stop Loss: $3.47
Target: $3.74 - Although this may take abit for the gap to be fully filled
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