IAG - ATHs , Target 10.50 - 10.60 ?Hello Everyone,
Happy Sunny Sunday to all.
Second one for today is actually the old one that i shared my analysis 2 Weeks ago and you can see this one below:
So i do not want to say more about in my previous analysis i explained some points.
It continue to make new AThs and now my target price is 10.50 - 10.60.
After it reachs this level then i will have a look again and update my analysis.
Now it is pricing inside the Up trend channel and maybe we could expect some zig zags inside this channel.
If you are a new buyer, 8.90 - 9.00 would be a good entry point, if price goes down to test channel support level.
I will continue to watch this for next week as well.
My final end of year 2025 price target is between 12.50 - 13.00
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Happy Sunday to all.
IAG trade ideas
IAG - This Stock is a Freight TrainI believe this company to be well positioned to take advantage of current market conditions. With a Ukraine ceasefire completely off the table for the forseeable future, and several countries in a stalemate with the US on tariff agreements, this company's stock should have a clear path to my target of $10.50, as the U.S. dollar risks further deterioration. I am purchasing some today, and some on dips to $7.60
Also note that this stock literally kept steam-rolling even as the price of gold recently took a tumble - a testament to this company's strong demand and fundamentals. Moreover, it has continued climbing despite the FED's reluctance to cut rates - another fantastic sign. This one really checks all the "Benjamin Graham" criteria. If the market cap were a bit higher, I think Buffett would be all over this one.
Bear in mind the FED meeting does pose some risk to gold stocks. If Powell signals a less dovish stance than the market expects, gold could take a tumble. Keep your initial position sizing modest. Even gold investments are not without risk.
IAG - This Stock is a Freight TrainWith a Ukraine ceasefire completely off the table for the forseeable future, and several countries in a stalemate with the US on tariff agreements, this company's stock should have a clear path to my target of $10.50, as the U.S. dollar risks further deterioration. I am purchasing some today, and some on dips to $7.60.
I had posted about five basic materials companies earlier this week, but consider this the sixth stock on that list, only I think this one is even better positioned to take advantage of current market conditions. Also note that this stock literally kept steam-rolling even as the price of gold recently took a tumble - a testament to this company's strong demand and fundamentals. This one really checks all the "Benjamin Graham" criteria. If the market cap were a bit higher, I think Buffett would be all over this one.
Bear in mind the FED meeting does pose some risk to gold stocks. If Powell signals a less dovish stance than the market expects, gold could take a tumble. Keep your initial position sizing modest.
Potential Low-Risk, High-Reward Investment #IAGWe have had a lot of insider selling for the stock, but the company shows good numbers and appears very undervalued. This could be a great case of low risk, high reward in the long run. I will start buying small at $8.14 and investigate this company fully. The numbers look solid, with low debt and forecasted, factual growth.
#IAG
#undervalued
IAG - Will make new ATHs?Hello Everyone,
When i was scanning the Stocks , i just reliazed IAG - Iamgold Corp.
What they do?
Insurance Australia Group Ltd is a multinational insurance company headquartered in Sydney that was founded in 2000. In March 2022, AIG was the largest general insurance company operating in the Australian and New Zealand market. Some of the brands under which IAG sells insurance in Australia include NRMA Insurance, CGU, SGIO, SGIC, Swann Insurance, WFI, and Poncho Insurance. In the New Zealand market, IAG sells under the brand names NZI, state, AMI, and Lumley Insurance. Also, IAG has expanded into Malaysia and India through joint ventures.
Why it is interesting for me?
It is trying to break previous High and it is pricing over all EMA levels.
I will watch if it could break the previous High level next week , then probably there is a good opportunity to make new ATHs and first TP level could be 10.00 , but requirement it breaking this level which is 8.10 - 8.14.
7.70 - 7.75 is the main support level , and if it try to pull back from this level then this price points could be real good entry points.
Another one to watch next week :)
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a good start a Weekend to All.
IAMGOLD (NYSE: IAG, TSX: IMG) Momentum PlayIAMGOLD is showing strong upside potential after its Côté Gold mine achieved commercial production. With solid government relations in Burkina Faso and robust fundamentals, this gold producer is well-positioned for growth. Technical indicators like MACD are improving, signaling possible bullish momentum. Target price: $7.15, with a buy rating and a longer-term target of $11.
Iamgold CorporationBollinger Bands :
The chart has Bollinger Bands, which help identify volatility and potential overbought or oversold conditions.
The price is currently near the upper Bollinger Band, indicating that the stock is potentially overbought in the short term.
There was a recent touch of the upper band, followed by a pullback towards the middle band (20-day moving average), suggesting the possibility of consolidation or correction.
Volume :
There is a notable volume spike in recent days, which often indicates increased investor interest or significant buying/selling pressure.
This higher volume, coupled with the recent price increase, supports the idea of strong buying interest.
Trend :
The stock is in a clear uptrend since early 2024, with a strong rally that peaked recently. This rally saw the stock break above previous resistance levels, with a recent high near $5.60.
However, after hitting this high, the price started pulling back, suggesting profit-taking or a pause in the rally.
Support and Resistance :
Resistance: The most recent peak around $5.60 serves as the immediate resistance level. The stock would need to break and hold above this level to continue the uptrend.
Support: The middle Bollinger Band (around $4.70) and the 50-day moving average (around $4.50) are key support levels to watch. If the price drops below these, it may indicate a deeper correction.
Conclusion :
Bullish View: The stock is still in an uptrend, supported by both the moving averages and the Bollinger Bands. However, a pullback or consolidation around the $4.70-$4.80 level is possible before attempting to retest the recent highs.
Bearish View: If the price falls below the 50-day MA and the middle Bollinger Band, a larger correction could be in play, with the next support around $4.50.
IMG LongIMG entry for a run to the 382, been looking at gold miners with the Gold price rallying, haven't been able to find one which is not highly over extended. Having said this I may suffer a SL run here if the Gold price pulls back. Usual SL management of moving weekly behind HK candles. Will take partial profit in 3 stages and try to run remainder to the 50% retrace.
$IAG Breaking Out from DowntrendWith shiny rocks breaking out (hopefully for real this time), the gold miner IAG looks poised for some serious upside. I've bought shares over the last few days and have built a sizable long. The stock trades kind of funky and has had a tough time breaking free from this tight consolidation recently. Today appears to be confirmation if it can hold.
Metal Miners, Long Soon - IAGGold and Silver have been holding strong, but weakness suggests another move down before support.
As for metal miners, could there be a better set-up possible? Most all of them are sitting near historical lows looking to bottom out on the weekly RSI.
I posted in July, 2022 that gold would move sideways until 2024, and then, blast-off. Think we're close.
This chart is IAG, it's my favorite technically speaking.
LONG IAG (playing Gold Price Uptrend) with gold price higher today due to declining treasury yield ( as market anticipate less hawkish Interest Rate policy), there are several opportunities with gold miners. I personally prefer AUY but due to recent mergers and corporate structure changes I don't want to take chances. IAG is less profitable but adjusted gold prices the valuation would be different and it might turn to profit on a spot, which could boost it stock price immediately.