Symmetrical triangle forming over the stretch. This has mirrored previous patterns of continuation with IAG. Fundamentals of the company have improved in the past year and a half.
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Projections are bullish, but trend could also show itself as a descending right hand triangle for a lower breakout.
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Looking for a breakout in the next day or so.
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Volume looks to be decreasing. Primed for a breakout. Seems to be taking its time. Touched the ichimoku clouds and bounced a couple of times. Still bullish.
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Received the breakout. As with most technical trends things can go both ways. Broke out to switch us to short. IAG consolidation around 2.40