Yes as you can see in your weekly chart there, the recent rally loses steam with last weeks shooting star. The high of which confirming the resistance area. Then this week we have a strong looking bearish engulfing candle swallow up that shooting star.
You see that long green candle in the run up that goes from roughly 5.60 to 5.90 ? Well the midpoint of that candle should act as some sort of support and is a possible price target. How strong and whether it drops below that or bounces, I don't know.
On the DAILY there is a slight gap at 5.64 that could be filled and I wouldn't be surprised to see this.
IAG Price at posting:
$5.96 Sentiment: Sell Disclosure: Not Held
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