iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,059 Blog Posts

Book Talk: Notorious AIG

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.

If you enjoy the content at iBankCoin, please follow us on Twitter

4 comments

  1. Narwahl

    This looks to be a very good setup.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Raul3

      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.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. Narwahl

    Narwahls are superior beings to bears and bulls.

    • 0
    • 0
    • 0 Deem this to be "Fake News"