INTERNATIONAL AIRLINES SA stock forum
IAG Why are the airlines suddenly in favour?Strong volume pushing the price above previous historical resistance. Lower wick also indicating a good element of support here.
ICAGY has not exceeded 4.15 since Feb 2022. 4.20 seems to be a resistance as it has been tested on 2 occasions (Jan 2023 and Jun 2023). Although Seeking Advisor rates it highly as a stock < $30 to buy, I am going to wait to see what happens. I anticipate the stock moving down before it moves up.