IAG trade ideas
TrianglePrice have been moving inside a symmetrical triangle since the beginning of the year. Once again it has touched the lower side of the triangle with a green outside bar which is (short term) bullish. A high probability setup but with a rather limited space for a move up (until it's broken out from the triangle).
It would only make sense to go in if you have really low commissions or use options (e.g. vertical 5/6)
Symmetrical Triangle Continuation 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.
IAG trend reversal?Inverted Hammer signal. Possible reversal coming? Bouncing off lower RSI, nearing oversold.
Undervalued Buying OpportunityMinor wave correct provides great entry.
Initial PT:$ ≈8 or 33% above current. GuruFocus DCF Fair Value= 11.66
Strong balance sheet w/ little debt and high Current Ratio. 3 Stars on Morning*
gold, dxy till next rate hikethe red arrow shows the potential trend and target till rate hike in Dec.
Long IAGBreakout from a flag consolidation pattern. Pattern counts to ~$8. Momentum (RSI) confirms the move. Long-term bottoming pattern.
Looking for tight trading zone hereGreat Earnings play, they will beat expectations! Red is the buy zone, with a tight stop. Once $5 breaks, looks for a big move to fill gap at $5.25-$5.5
IAG - 2hrLooked like a solid reaction off the top of retrace support. I was a bit early here, but layered in small. Price made an initial 5-waves move up, but cir-ii is questionable and I haven't seen cir-iii of 1 forming like it should. Gonna give it more time.
IAG: PULLBACK BEFORE THE NEXT WAVE DOWN?IAG has broken the uptrend on 4h chart. Now it seems making a pullback, so i'm expecting a test on the broken levels before the next wave down. Let's see how it develops
IAG ShortOne black crow candle appeared yesterday, gold dropping, strengthening dollar - could be good short - What do you think?
