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and my thanks to you all also. in the 6 weeks I've been trading iag i've learnt a s**t load and was to buy more, a lot more when I thought it was at it's lowest. I discovered from A69 that's called 'averaging' down. I had no idea it was a 'recognised' trading style nor indeed the fact i've been buying and selling within the 1.00 to 1.16 (euro) trading range has meant i'm in solid positive territory. But i would have been a lot richer had i known what you guys already knew so feel free to share your knowledge as its gratefully received bc as much as books tell you how to do it ther's' no substitute for actually doing it....
Thanks both Robbyw and Anapa!
Cheers.
@WASU
Just my thoughts.
I watched it when it dropped from 130p'ish and there seemed to be resistance at 118p..
....... before dropping to circa 112p.
Hence my 118p target.
I'll play with these between 92-110p until then.
Wasu,
First of all it gapped down from 110 when it closed on that heavy drop day 130 to 112p.
It bounced from 90-92p level, but got sold at 110p few times and dropped below 110p. So 110p has turned into resistance.
@Robbyw: Can you please put some links to learn these if those were from graphs or anything else.
Cheers.
@A69
I'm thinking once it reaches 118p...
.
It'll skip through the 120's.
Needs that 118p first though.
@Anapa, why the 110p barrier? is that big trading companies set their selling targets or something else?
If I consider 110.6p as 1-high, 89.5p as 2-low, then that gives me target for 3-high as 131.7p.
So around 130p I am planning to off-load some of my holding.
I would tend to be in agreement about a rapid spike - personally I think the price has been contained in a very narrow range while maybe more hedge funds have been buying - once they've had their fill, the share price will be allowed to rise to a reasonable level.
@Anapa, Treacle and triumph, Smartinvestment and many others: It's great learning from you guys as this BB is very healthy.
I lost some profit (190p-220p circle before the RI ) when I was jump back so quickly thinking it breaks up, I didn't wait for few penny as I was too emotional when I saw that's going again north after 5min.
Just to let you know, once 110p is cleared rise to 128p would be quick in my opinion, simply because drop from 130 to 110 was very rapid, so there is not much resistance from 110 to 128p, maybe bit of minor resistance around 118p and 124p.
Please dyor.
Agreed anapa. I will probably wait for a close above 115 to confirm 110 clearance. From then, high 120s will follow fast.
Happy to pay a few more pence for confirmation that 110 has been cracked. But from here on out, we can all fairly safely say IAG has found a floor. Whatever had been thrown, low 90s is about the lowest it will go. I'm not sure what more could be thrown at IAG to make it breach 90
No I fully understand where you're coming from and thanks for your response Anapa. I tend to trade the daily spikes and shakes on a share so have found it very frustrating at the narrow range movements on here - hasn't been worth the effort for 8 or 9p each time especially when I'm expecting a breakout but don't know when that will be.
Once again, many thanks.
Treacle,
110p is a resistance and needs to be cleared. In 1-2-3 high-low-high trading pattern, 110p is acting as 1-high, 92p being 2-Low and 128p would be 3-high. In short, from 110 it retraced to 92, so when 110 is cleared it 'should' bounce to 128p.
My plan is to sale everytime when it is around 110 and wait for retrace to under 100p for buy back.
If I sell around 109-110p and if it goes above 110p then I will buy it around 112-113p. I am happy to lose 3-4p in this process, but I want to see it closes above 110p.
Not sure if this confuses you more or makes things bit clear.
I think the SP is more likely to move in jumps. So at present we are 95 - 110p but I would anticipate a jump to the 120 - 130p range on the back of early positive stage 3 vaccine results followed by a jump to the 140 - 150 range within the next few months.
Anapa and Triumph - you both seem to me to be chartists with your trading styles - I've tried honing my skills there but I'm useless so I just tend to concentrate on news events/volumes and daily graphs to give me an idea of where the share price is heading - I've been watching the A trades going through, with absolutely loads of 2,000 deals being posted, but I get the feeling that we may see a big order having been filled either today or tomorrow.
From what you've both being mentioning on here, is £1.10 the breakout figure that we need to be looking at? Only asking because the share price is seeming to loosen up a bit now which may be a sign that the order is nearly sorted.
Clownes will start disappearing now!!
Mararab there’s opinions and then there’s agendas!...
Take someone like teddy for example! His post history on iag is a train wreck! Pumping like mad when he’s in...completely dismissing a RI! Sold out and is now trying to find any angle to knock the share! Their opinions are agenda driven and cannot be taken seriously.
There’s is plenty of balanced opinions on though .
@Mararab: They are against any good thing for humans, life, society, have you seeing any positive comments from them for anything, just forget about the SP;
- they don't like vaccine
- they don't like travelling
- they don't like recovery of pandemic
- they only enjoy is scaremongering
I don't think any good company keep them as employee because their not simply normal.
Look at the Teddy, he predicts SP to go to 80p but I don't block him as he is here to invest and waiting for right time what he thinks, but those two guys were not good to read. it's peace of mind to ignore them.
Even you are saying this is going so down but I didn't block you...
I'd like to see the range in the 110-125p zone.
My first target is 118p....
....got to get there before it gets into the 120's!! ;-)
WASU : how can you ask for a opinion when you block other opinions , makes me think you are like a race horse with blinkers lol and can not see what's around you and only see a IAG smooth road , well my friend the road is full of potholes and may need to take another route , bit like the share price . This may drop may rise but dont block options as your opinion is then not valid . I think THE ROAD IS called DEMOCRACY !!!
I think that SP trading circle will move up as we will not getting 90p-110p circle but will do 100p- 115p circle if it close above 100p today. What's your opinions guys?
Anyway, i have filtered watamess and Castle as their prediction are not modern and not ideal for the investors..