kungfuguo
Long

AIG Weekly Analysis 9/7/13

BATS:AIG   AMERICAN INTL GROUP INC
96 2 1
Expect break out of consolidation.

Looking at the weekly AIG             chart, AIG             has been moving up as blocks (purple boxes) of consolidation zones. Each box usually last between 9-13 weeks long, and has a well defined support and resistant levels. Each break out is usually accompanied by a peak in RSI (usually break above 70). Overall there is still positive money flow into the stock (as shown by positive CMF             20).

Taking everything together, I expect AIG             to continue this bullish trend . Looking at RSI , I expect another break out shortly (next coming week or so), as RSI is approaching 70.
There will be another extended consolidation zone, I am guessing. Need to watch RSI. Might be interesting to sell covered calls when RSI drops below 70.
Reply
looks like you were right. What next?
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out