The red lines show the negative divergence that spanked price down a month ago. Note the importance of the 18.20-ish support/resistance, or more generally, the 18-19 support zone. The 20 week MA is about to fall under the 50 week MA which is very bearish. The price action during 2011 has an H&S vibe to it. A head at 23 and neck line at 18 targets the 13 area, which is also sturdy support. IAG will be in trouble if it loses the 18 level. Watch the price/20 MA/50 MA confluence now at 20.20-20.50. Also watch the RSI 50% level for hints. Projection is sideways to sideways down for the weeks and months to come ultimately targeting the 13 area during 2012. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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