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IAG pulverizes resistance and sets course for March weekly bearish gap

This Monday the airline’s titles confirmed closing prices above the resistance of two euros. There are no major resistances until the weekly bearish gap of 2.62 euros.

Technical analysis
BEAR GAP
BEAR GAP
S1
2.0570
S2
two
R1
2.6160
R2
3.2950

Short term

Medium term

Long term

This Monday we analyzed the value and said that IAG seemed to be heating up motors with an eye on the key resistance of two euros. Resistance that was exceeded in closing prices and with ease, although it is true that the ideal would be that the confirmation above two euros also occurs in weekly candles. In any case, the value seems to have reawakened and although it is true that it is possible to fall towards two euros in the form of a ‘throw back’, the security no longer presents significant resistance until the weekly bearish gap for March at 2.6160 euros. Although the June highs are also (2.6830). That is, the airline’s titles they no longer have significant resistance up to the area of ​​2.61-2.68 euros. Another thing, which is impossible to anticipate, is whether or not there will be a relapse towards the new support of two euros.

iag230221
IAG weekly chart

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