The technical figure Triangle can be found in the Spanish company International Consolidated Airlines Group S.A. (IAG.mc) at daily chart. International Consolidated Airlines Group S.A., trading as International Airlines Group and usually shortened to IAG, is an Anglo-Spanish multinational airline holding company. It was formed in January 2011 after a merger...
AIG was struggling for a while now but I think it has potendial for trend revelsal, if we close above 165 on daily chart. MACD is still positive and I believe RSI can build up the momentum to push it up.
Hello traders and investors,
Today we are looking at the IAG chart (International Consolidated Airlines Group) , one of my favourite charts after the big US cap company. As we know, the airline industry (and hospitality sector) is one the most affected by COVID19 with a low passenger volume. After the first spike of enthusiasm and optimism (around March 2021)...
$IAG (International Airlines Group)
Looking at the weekly chart, it seems to be creating a possible Cup and Handle pattern.
My plan here is to wait for a breakout and test of the S/R flip.
Weekly chart.
IAG has activated a divergence between price and MACD with target price at 2.70€ that is +24% from current price. Once reached this price a second impulse will be activated with a higher target at 3.12€.
IAG - Next major support @ 142. Target would be around 190 is the stock breaks out of descending parallel channel
I recommend long position @ 142 if a strong bullish candle is formed
ICAGY has finally broken under the ascending support line whose anchor point (a historical minimum) formed in Oct 2020. Price action in the past 6 weeks has traced out a bearish triangle; if the pattern is confirmed, we would expect a >20% drop down to the $4.00 area. High buyer interest at those prices would almost certainly mean a rejection back to the $5+...
I had a request to publish something on IAG.
I already hold here so my charting might be a bit biased however I have endeavoured to do so without.
For those that want some analysis:
Find the highest and lowest price points. We can see a high in Jan last year, and a low in Oct. Draw a Fib retracement based on these points.
Also draw S/R lines.
We can also see...
Today, the company has passed 0.236 Fib retracement level and now is touching the upper boundary of the bearish channel it's been immersed since Nov 23, 2020.
RSI 14 is about to surpass 70 level, which usually means a change of trend and that would be bad news for IAG's investors. Either technical and fundamental perspective looks bearish. Easter holidays are...
HOLD FOR NOW -
Prices moving inside a channel - HOLD
International Consolidated Airlines Group.
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