ABN Amro: Is takeover speculation driving share prices? - Day trading & swing trading

Breakout setup at the Dutch bank! Quarterly results from ABN Amro next Wednesday! ABN Amro (ABN) – ISIN NL0011540547 Review: After the pivot high at the end of March, ABN Amro shares plummeted by over 20 percent within a few minutes. The subsequent price trend initially resembled a bear flag. After the dividend discount, however, the stock quickly worked its way back to the top of the moving averages and formed a resistance line there. The half-…