IAG / ICAGY dip upcoming?

May 20, 2021

ICAGY has finally broken under the ascending support line whose anchor point (a historical minimum) formed in Oct 2020. Price action in the past 6 weeks has traced out a bearish triangle; if the pattern is confirmed, we would expect a >20% drop down to the $4.00 area. High buyer interest at those prices would almost certainly mean a rejection back to the $5+ range, barring secondary/complicating effects introduced by a dividend announcement.