INTERNATIONAL CONSOLIDATED AIRLINES GROUP S.A. ORD EUR0.50 (CDI)

LSE

IAG

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..

long

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...