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LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV (DI), SMITH & NEPHEW PLC ORD USD0.20, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, BARCLAYS PLC ORD 25P
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IAG breakout from a bearish descending wedge. Position taken yesterday in this at 215, however, still plenty of room to run up in the next week or two with the potential news surrounding air bridges being scrapped. A break below 215 would invalidate the bullish view.
Buy IAG (IAG.L) International Consolidated Airlines Group, S.A. is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280...
IAG has broken resistance at 675p Will it continue to break to the upside? Time will tell.
W TF : Good Up movement expected. Daily TF : As per chart details..
wait for it to close above 507 or retrace back to 486
Fundamentally, Airlines are having a tough ride & it doesn't look like its going to stop anytime soon. The fragmented industry has failed to provide any consistent returns for the last 10 years (EBIT margins have averaged just over 1.2%!!), Full service airlines specifically have been struggling - not only due to the exogenous demand factors then rely on (Eurozone...