AIG Long Set-up
AIG has b3ecome a hedge fund favorite in 2013 as they bet on the insurers recovery. The weekly chart shows recent resistance at $40 in the bullish up-trend, with the MACD above its zero line and the RSI pointing higher. A breakout above could send prices higher to the $50 Resistance from December 2011 highs.
Daily chart shows a failed H$S pattern with neckline support at $37. Bearish MACD divergence is still there, but is attempting a bullish cross. A confirmed breakout above $40 would trigger a long position.
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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member
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