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.
(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.
Trade active
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.Note
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.
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
ivorywolf.start.page/ (Facebook / Telegram / YouTube / personal web-page)
Like/join/subscribe for the latest!
...
ivorywolf.start.page/ (Facebook / Telegram / YouTube / personal web-page)
Like/join/subscribe for the latest!
...
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.
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
ivorywolf.start.page/ (Facebook / Telegram / YouTube / personal web-page)
Like/join/subscribe for the latest!
...
ivorywolf.start.page/ (Facebook / Telegram / YouTube / personal web-page)
Like/join/subscribe for the latest!
...
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.