Short term view - ABN AMRO GROUP NV-CVA : Exhaustion gap
The trend is still neutral but within that interval prices could head towards the bottom of the range.Arguments :
- The major support is close.
- The gap that has just been opened may be an exhaustion gap, announcing the end of the trend.
ABN Amro Bank NV is a bank based in the Netherlands. The Bank provides various financial products and services across a variety of channels, including its Mobile Banking app and Internet Banking. The Bank's product portfolio includes insurances, mortgages, savings, investments, loans and payments, among others. The Bank serves retail, private and corporate clients worldwide.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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