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We take a look at a weekly chart of IAG to give us a cleaner picture of its likely direction. We can see that IAG has spent the last year consolidating (in bold) and forming a equilateral triangle. IAG has broken to the upside and retraced back onto support giving us a better entry point. A break of $5.86 would project an initial target of $6.30 - $7.00 with a longer term target in the $8.00 region.