IAG shares about to go higher again?
They've had a great year so far, and independent analyst Alistair Strang's charts suggest there could be further gains at the British Airways owner.
24th October 2024 07:53
by Alistair Strang from Trends and Targets
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Only one thing is more frightening than trying to map aviation industry shares and it’s having a competitive 11 year old granddaughter.
Of course, this has nothing to do with International Consolidated Airlines Group SA (LSE:IAG) aside from suggesting the share price has behaved like a moody teenager since 2021.
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But now, while trading around 212p, it’s at the edge of becoming useful. According to our most recent calculation, above 218.5p should transform the price into a place of optimism, calculating with the potential of a lift to an initial 234p with our secondary, if bettered, at am eventual 265p.
In fact, overall, we shall be forced to assign a distant 285p as a number exerting an influence on the share price.
We’ve considerable hope for IAG.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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