Hi Folks.
IAG.
Technically looking good.
Daily and weekly MACD are both positive.
Down trend line from July has broken to the upside.
Above the 50 Day Exponential Moving Average.
DMI is positive.
On Balance Volume has broken its down trend line.
The current high on the OBV is above the previous high - while the high on the share price is below the previous high. Positive divergence.
I can't think of much else which one could look at. All positive.
It will probably have a short term retracement now.
A break above $4.00 would confirm all the above - and see $5 in its sights.
Cheers
REd
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Last
$64.85 |
Change
-0.120(0.18%) |
Mkt cap ! $12.57B | |||
| Open | High | Low | Value | Volume |
| $65.47 | $65.80 | $64.42 | $14.02M | 216.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 164 | $64.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.96 | 1692 | 1 |
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| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| ASX (ASX) Chart |