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IAG video analysis: the coronavirus throws it towards the bullish gap of 6.60 euros

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From the historical highs that recently reached eight euros, we can not rule out that this set course for the support given by the imposing bullish gap in mid-December.

Technical analysis
GAP ALCISTA

Short term

Medium term

Long term

How can it be otherwise the coronavirus is knocking down all those companies that in some way or another are related to tourism. This has led to the titles of IAG, which recently marked highs of all time, to drill important supports. Not only has the base of the bullish channel been drilled, but the important support it presented at 7-7.05 euros has just been taken ahead. Everything suggests that soon fill in its entirety the bullish hollow of mid-December at 6.60 euros.

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