International Consolidated Airlines Group, S.A. : An interesting rebound
By Sébastien Gatel
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 503 | GBX 0 | GBX 478.8 | -100% |
Technically, the security is in a consolidation area limited by the significant GBP 495.5 support and the GBp 614.5 resistance. Above the lower limit, investors could aim a rebound toward the GBp 614.5 resistance area.
Investors can take a long position within the GBp 495.5/GBp 495.5 area. In the first instance, the target price will be the 20-day moving average at GBp 556. In case of breakdown of the GBp 495.5 support at the closing price, investors should close their positions.