Sell ING Turbo Put at €5.62 (+48%)
Analysis: A head‑and‑shoulders pattern on ING has pushed the price down. The nearest support level is close, so it is sensible to take part of the profit now. The price could keep falling toward €20.07.
Product: The Vontobel infinite Turbo Best PUT ING (ISIN DE000VH3W9C3) is priced at €5.62, giving an initial gain of 48 %. You may keep a portion of the trade to follow any further decline.
We will monitor this position and post updates when we think it is time to exit. The targets and stop‑loss levels are only guidelines and can change with market conditions.
Key Levels
| Support 1 | 20.96 |
|---|---|
| Support 2 | 20.075 |
| Resistance 1 | 23.6 |
| Resistance 2 | 25.525 |
| Target | 20.07 |
| Invalidation | 23.6 |
| Short‑term outlook | Negative |
| Long‑term outlook | Rising |
Legal notice: Forecasted performance figures are not reliable indicators of future results.
Tags:
Technical Analysis