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AsimMirzaTrader

IAG - Is there a Buying Opportunity

Long
INSURANCE AUSTRALIA GROUP LIMITED (ASX:IAG)  
AsimMirzaTrader  
ASX:IAG   INSURANCE AUSTRALIA GROUP LIMITED
Trend Analysis Chart Patterns Wave Analysis ASX asxlong asx200 asx200long bearishtrendlinebreak
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trendanalysis chartpattern waveanalysis asx asxlong asx200 asx200long bearishtrendlinebreak
IAG seems that it has found solid support after being flushed heavily. With Bullish Price Action at Support, a break of the Bearish Trendline with very High Volume and MACD cross with Bullish Divergence makes me confident that we can cautiously buy. My Trading Plan is given below:

TP1 - $5.50 (potential gain 13%)
TP2 - $5.90 (potential gain 21%)
Stoploss - $4.20

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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