Potential outside week and bullish potential for IAG

17 Ogo

Entry conditions:
(i) higher share price for IAG above the level of the potential outside week noted on 15th August (i.e.: above the level of $8.86).

Stop loss for the trade would be:
(i) below the low of the outside week on 11th August (i.e.: below $8.18), should the trade activate.

24 Ogo

Dagangan aktif

UPDATE (week ending 22-Aug): Trade activated on Monday 18th August, activating the outside week and collecting a decent dividend payout of $0.19 per share on Thursday 21st August whilst testing the previous resistance area of $9.10 from 25th June and closing between the 10 and 30 day MA's at the end of the trading week.

3 hari lalu

Nota

UPDATE (week ending 29-Aug): The initial downwards slide from the dividend payment continued through to about mid-week where the trade encountered and successfully tested the support level from 22nd November 2024 ($8.29; highlighted in the chart above) before closing the end of the week between the 10 and 30 day MA's at $8.71. This 'dip' should be considered a 'first strike' and a warning sign though, since this could now be forming a lower high on the daily chart - as such, the daily chart is suggesting that conservative and aggressive traders/investors alike consider raising protective stops (at the very least) to an area beneath the recent swing low of $8.32 formed on 26th August.