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ING Groep N.V. Message Board

  • jpomper jpomper May 7, 2013 7:09 AM Flag

    ING looks in 1-year cycle, ready to repeat ?

    ING price started up in May last year, and looks like doing the same thing again this year.
    Last year the price started at $6 and finished at 10.5 at yearend;
    since then ING corrected the rally by FIBO 38%.

    If we are in longerterm, like in a 10 year uptrend,
    (I really think we are, after almost 7 years of downward correction),

    then by the end of 2013 we should see ING price to hit $13-14.
    This is the point when ALL remaining weak hands will sell,
    and in 2014 ING will break above $14. And should march ahead up by $3-4/year, for 10 years.

    Most of us strongly hope the new management team will be able to perform MUCH better
    than the incompetent Jan's team did in the last 4 years.

11.52-0.21(-1.79%)3:30 PMEDT