NYSE:AIG   AMERICAN INTL GROUP INC
328 4 4
The Multiple weekly pin bars mark 46.50 area as a major long term support and a key directional level, i mean by directional here a main influence to price action. Holding above that support keeps the overall bullish trend intact. Although we have seen signs of topping in the past few months, as the bullish trend hasn't been as strong as earlier stages.

Price completed a bearish shooting star candle last week, hinting we might see another push and retest of 46.50 support level, which coincides with the main 52-week SMA and just above the main support of the long term rising channel.

Accordingly, I believe this area is technically major, watch out for a break below it as it may signal a strong bearish reversal.

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flapbreaker
2 years ago
Any new thoughts on AIG? I'm considering starting a large long term position. Everyone keeps saying how undervalued it is however the market seems to disagree for now. It's been in a narrow pattern lately and seems poised to break one way or the other. My technical skills are lacking though. Any thoughts would be appreciated.
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Technician TOP flapbreaker
2 years ago
Hi there, i will be posting an update on the technical outlook for AIG soon
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flapbreaker
2 years ago
Thanks!
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flapbreaker
2 years ago
Hey there Technician, What's your thoughts on the chart now? I am thinking that AIG is possibly forming an inverse head and shoulders pattern but will need more time to form the final shoulder.
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