Today we will analyze the stock ING GROUP NV ADR (ING.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in ING GROUP NV ADR (ING.BA)
1- Last bearish trend was from 13.40 $ (10/18/2011) to 11.25 $ (12/22/2011) a 2.15 $ move 2- The current bullish trend started from 11.25 $ at 12/22/2011 and is currently trading at 11.80 $.
3- ING.BA current support level is at 11.76 which is the 23.60 % fibonacci retracement of the last 2.15 $ move.
4- ING.BA current resistance level is at 12.07 which is the 38.20 % fibonacci retracement of the last 2.15 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ING GROUP NV ADR (ING.BA) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 7.890 $ height triangle which was broken up at 11.250 in higher than usual volume, target of the pattern is 19.140.
ING GROUP NV ADR (ING.BA) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 9.910 and 16.200,resistance between 13.400 and 17.800 which was broken up at 11.250 in higher than usual volume.
ING GROUP NV ADR (ING.BA) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 9.910 and 16.200,resistance between 13.400 and 17.800 which was broken up at 11.250 in higher than usual volume.

Stock Trading Conclusion:
ING GROUP NV ADR (ING.BA) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 12.07, 12.32, 12.58, 13.40, 13.98, 14.73, 19.14.
Stock Support levels : 11.76, 11.67, 11.59, 11.52, 11.46, 11.25, 9.00,.