ING Groep NV

ING remains in a Stage 2 advancing regime with sustained higher highs and higher lows above rising EMAs. A corrective pullback into the 9/21 EMA zone held with an acceptance candle, offering a timely buy entry. Despite overbought context, the pullback alleviated extension and aligns with the medium-term bullish bias. Failure to hold the 21EMA on sustained volume would invalidate this view.

• ↑Mobile primary customers up 1.1M over 12 months, boosting user base.
• ↑Fee income rose 12% YTD, prompting full-year fee growth outlook >10%.
• ↓Analyst earnings revisions are trending downward, signaling lower forecasts.