Thursday, March 28

IAG has little potential until reaching a bearish guideline


As in the case of the IBEX 35, we are seeing a significant overbought, it also happens in the main companies of the selective, and this is what is happening in IAG (Iberia).

We saw that the value has reached the level of 1.9520 euros, the objective proposed by the analyst José Antonio González a few weeks ago, in the Investment Strategies trading area. And already at that time, the analyst pointed out that much of that short-term upside potential could already be discounted.

Today IAG picks up on the stock market and once again activates buy signals on the stochastic above the upper horizontal line, around 80 points. But the value is also approaching very important resistance levels, such as the medium-term secondary downward trend.

“At best, from a technical point of view, IAG would have less than 5% left before they fully hit that bearish trend.” In addition to the volume declining significantly, there are several signs that interest in the stock is declining.

The technical indicators of Investment Strategies for IAG give it a value of 4 points out of 10.



www.estrategiasdeinversion.com