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.
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...
