Insurance IAG - AustraliaInsurance provider IAG, in my opinion looking reasonable stable on the charts. Enjoying seeing the higher lows, and forming a 40degree trend similar to previous pumps with the stock.
5.65 entry?
Looks promising.
IAG trade ideas
IAG Insurance 'ACT OF GOD' Could drive Fear = Bull Run ??
Targets based on Fib extension
Would like to see this play.
Good Risk Reward - Learn it. Hi all,
Look at this chart.
I do understand that the sentiment is bearish.
But the RR is good. It is a long term consolidation.
Just think about these scenarios on your trading.
Thanks
IAG - Bullish Trade PlanIAG has pulled back towards its 200 SMA and has currently found support. I expect price to consolidate a bit before moving higher and this could be a very good buying opportunity. I will enter a long position once bullish price action is confirmed in the very zone. Lets see how it develops.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
IAG - Trade PlanIAG is currently pulling back and I expect that this pull back may provide a good buying opportunity. I will take a long position once it prints bullish price action and targeting the recent highs around $5.50. My stoploss will be below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Insurance Australia GroupEquity Portfolio Technical View
The share is setting up a potential long term bullish reversal, with it’s 16-month downward trend line breached as per the weekly chart.
New 3 1/2 month high.
Weekly RSI emerging from a neutral regime, shifting to a bullish regime, with a reading of 56.
Weekly RSI also at highest level since July 2019.
Pending MACD bull cross (above zero bound).
Add on a close above A$5.39.
Stop-loss: A$4.90
Could play catch-up QBE, which I flagged recently (04-May) at A$9.99. Tested a high of $11.37 on Friday - see related idea.
IAG breakout into 2 month high. Worst may be over.IAG has been lagging for a while, but today closed above the 50d MA and made a two month high closing above 5.00 May be riding the banks and financials trend at the moment and could aim above the 200d MA next and over 5.50 as a test.
IAG - Is there a Buying OpportunityIAG seems that it has found solid support after being flushed heavily. With Bullish Price Action at Support, a break of the Bearish Trendline with very High Volume and MACD cross with Bullish Divergence makes me confident that we can cautiously buy. My Trading Plan is given below:
TP1 - $5.50 (potential gain 13%)
TP2 - $5.90 (potential gain 21%)
Stoploss - $4.20
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
IAG - Is there a Buying OpportunityIAG made its lows of $4.30 in the end of September, then it pumped up and made a High of $5.50 in the mid of November, breaking the bearish trendline, with very High Volume. This indicates that the trend may have changed, and since then it had been pulling back and formed Bullish Candles at the 78.6% Fib Retracement Level of $4.55. I think it has already made some base between $4.50 and $5.00, and aiming for a potential run towards the main Resistance Zone (Target) at $6.20 - $6.50, a potential gain of 18%.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Uptrend Confirmed - Next Buying OppurtunityBullish trend confirmation indications:
1. Downtrend line broken.
2. Impulsive price action at the break of the trendline with High Volume
3. After the impulsive break, price is correcting and consolidating.
4. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of
50-61.8 % and support of the trendline. The ideal level zone is between $4.90 - $5.00. That will be a trade with confluence.
5. Good Buying Opportunity if it closes positive or prints a Bullish candlestick patterns in the Buy Zone area and on or near
the trendline with bullish price action follow through.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
IAG ( ASX ) : options Bull Put Spread strike 5.50 net credit Would I like to own IAG for a premium price?
If I can pick it up for 5.50 that's historically a better than fair price in past months.
However - that's only if the credit leg of options gets exercised in two weeks until expiry = plan B.
Plan A _ book a net credit on Bull Put spread, with protection ( insurance) 1 strike below at 5.25 ( -0.25c)
providing stock does not fall below 5.50 + put cost of 0.14 = 5.36 in next two weeks...
Placed trade with 80 contracts = 8000 shares @ 5.50 strike for 0.14c = +$1120 credit
Placed 80 contracts = @ 5.25 0.08 = - $ 640 debit
net credit = + $480
Eye on IAGDue to oversea market over night the market is expected to open lower today, The ASX 200 is near the high of Res and the Vix is showing bullish movement to the upside as well. Next lets look at the financial sector (XFJ) and the Real estate sector (XRE), both are showing a bull shooting star on the Res that could pull back today. Now to Insurance Australia Group Limited its showing a massive Doji near Res, I will keep my eye on this stock today to see how it will preform but i'm bearish on this stock today.
