Symmetrical triangle forming over the stretch. This has mirrored previous patterns of continuation with IAG. Fundamentals of the company have improved in the past year and a half.
Note
Projections are bullish, but trend could also show itself as a descending right hand triangle for a lower breakout.Note
Looking for a breakout in the next day or so.Note
Volume looks to be decreasing. Primed for a breakout. Seems to be taking its time. Touched the ichimoku clouds and bounced a couple of times. Still bullish.Note
Received the breakout. As with most technical trends things can go both ways. Broke out to switch us to short. IAG consolidation around 2.40
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.