https://ibb.co/ZYnjBXk
218p horizontal resistance line. So I am holding for 218p.
But if it holds 218p and consolidates around there then can go upto 226p.
Also real fireworks will begin once it clears 235p. Above 235p, move towards 300-317p will be very quick.
RSI is slightly overbought on daily chart, but it can stay in overbought area for while and continue to move high. On weekly it is still NOT overbought. I think it will trade around 220p area for consolidation for few days/weeks before move up or down depending on overall market sentiment in next few weeks.
Nothing has changed in my strategy since I posted this chart couple of days back. Today IAG has made HH and HL. So all longs are safe for me.
https://ibb.co/GRxn0Cb
IAG daily chart! I am looking to take some profit at 202 and then around 218. May take couple of weeks or couple of months, don't care!
sunsurfer,
Thanks. I am holding for 218 minimum. I sold half 202, but bought back at 201.2 and logged out of account for the day.
I am sure it is heading to 218p, I will assess my options once it gets there.
dyor, I am wrong number of times!
Broker don't set target dates for their target prices.
I would say it is general guidance about where the share price heading and not guaranteed that it will hit target price.
It may exceed broker share price target as well if market conditions are favorable.
BERENBERG RAISES INTERNATIONAL CONSOLIDATED AIRLINES PRICE TARGET TO 230 (190) PENCE - 'BUY'
BERNSTEIN RAISES IAG PRICE TARGET TO 250 (200) PENCE - 'OUTPERFORM'
BARCLAYS RAISES IAG PRICE TARGET TO 205 (175) PENCE - 'OVERWEIGHT'
By the way lot of posters with different theories explaining why iag should be trading 150-160-170 are fast disappearing from this bb.
Only hope is quick retrace to 192p to fill the gap, otherwise I don't think it will go below 192. Also not sure how many people will be able to buy at 192 if it is spike for few minutes.
Teddy,
100% agree. Even though I sold half at 202, I don't think I will stay out for long. I know it is certainly going towards 218-225 area based on my chart. I think it will trade around 225p and consolidate there for few days, then move on to 250-260 area.
It is holding 201 resistance line and don't want to retrace.
I might jump back later in the day if it doesn't retraces below 200p. USA open may take it higher, may be 208p.
There is gap to be filled at 192p, but that may be for another day, not today.
Currently trading at around 1485.
Next double top resistance at 1520. then 1555 and 1688.
Hold tight. Good days/gains are not far away.
Also remember TUi will not be left behind if sentiment is changing across the travel/holiday sector. TUi is far better placed to take advantage of current pent up demand in holiday sector. TUi would be top performer in this sector.
https://www.standard.co.uk/business/leisure-retail/british-airways-owner-iag-reports-holiday-travel-b921318.html
Above article says cash burn of £75 million per week which is even better.
Passenger revenue fell 75% to £4.8billion from £19.6billion in 2019. Cash burn for the group was £3.6billion - almost £70 million a week.
I am sure ii’s/fund managers must be doing number crunching over weekend and would be ready to go big in iag once they understand real cash burn and net cash reserves.
No other airlines is in such good position post pandemic!
TP,
Back in June 2020, iag was burning £220m per week.
If that is reduced to 133m then that is very good improvement! That should reflect in share price very soon.
Their cash reserves are about 10b now, so they can survive more than 6 years with cash burns of 133m per week
Almost every airline/cruise/travel company has taken extra debt , issued new shares, taken government loans to survive this pandemic.
Now risk of pandemic is receding, these stocks should do well as there is so much pent up demand for travel and holidays and that is reflecting in these companies stock price rises. There is nothing special about TUi. But TUi may recover fast compared to other similar companies due to Europe wide exposure.
https://twitter.com/zerohedge/status/1365632925899833344?s=21