AIG is one of my current longs and I like the way it is setting up today. I was impressed by the strength in the name last Wednesday and started my position. Since then it has been flat/down. However if it can hold today’s strength into the close the setup looks even better to my eye.
I like the alignment of the EMAs and the strong thrust through the 9ema. It is showing promise for making a new swing high. I may add to my position.
The chart has me hypnotized. The company not so much, this is just a trade. Notice the prior behavior of price @ $35.50. Should we be unable to sustain trade above this level, I will cut the trade.
This looks to be a very good setup.
The flip side is we could be forming the right shoulder of a HnS and it is showing up on several charts. That’s the bear’s technical thesis.
Narwahls are superior beings to bears and bulls.
Yea they’re pretty great, in water.