kungfuguo
Long

AIG Mid-week analysis 9/16/2013

BATS:AIG   AMERICAN INTL GROUP INC
140 1 0
Breaking out of consolidation $45-$48, looking to establish another zone of consolidation.

This is a follow up the chart that I published 2 weeks ago. (https://www.tradingview.com/v/kAyKlDdn/)

Looking at AIG             weekly chart, AIG             has been moving up along zones of consolidation. Each breakaway is signaled by RSI approach or above 70. Last week, we saw another break out ( RSI is above 70). Currently, we are seeing the confirmation of the bullish breakaway. I expect that we will establish another period of consolidation shortly, this will be signaled by peaking of RSI .

Long AIG            
looks good to me. Thanks.
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