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...
IAG just broke through a triangular pattern and has been staying lately above the 50D moving average. I just opened a long position. SL1 4.50 and SL2 4.43
This price has been hard beaten by the Brexit result. I believe it needs to complete the 5th wave of the bearish impulse to posible restructure by means of a double bottom. I will keep it in my radar.
Oportunidad de entrada IAG. Buen volumen para entrar en muy largo. Costará superar de nuevo la resistencia de 5.8 en los próximos días, aun hay tiempo de entrar, es viernes.
I personally cant view candles lower than the daily timeframe, so I am looking for a bullish candlestick formation tomorrow (15th July) to enter for a buy position. Past 2 days, we've had gap ups consistently, shows strong buying power (unless there were fundamentals out which im not aware of) Looking to target @615.00
RECOMMENDATION BUY TARGET 575 The Major trend of INTERNATIONAL CONSOLIDATED AIRLINES PLC it is showing strength for buying. If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 569 then it can show upside movement for the target of 575 with the stop loss of 563. CHART FORMATION:- Stock is trading...