Will IAG break support, or will it rise again back to 666p ?

• IAG has rising support since late October.
• Bounced 5 times, most recently from 600p. Now trading 614p (at time of writing)
• Will the pattern repeat itself, bouncing up again towards 666p?
• Shares -16.7% from 2018 highs; +10.7% from 2018 lows; -5.4% since end-17.
• 3 Jan: Ryanair and Wizz Air reported positive December traffic statistics
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading IAG – An Example

Let’s say you like the range, you think it’s heading back towards 666p again. You decide to buy exposure to £10,000 worth of IAG using a CFD, at the current price of 614p. To do this, you need £2,000.

Let’s assume IAG recovers back to 666p (+8.5%). Your profit would be £850, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss 3% below the current price. IAG falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.