If.. and might ... You'd need a lot more certainty than that to
conduct that trade. Determine your entrance point, your target(s)
and your stop-loss point and assess the risk. AIG has been in a
downtrend. It's going to single digits eventually, but not before
the whole market breaks down. I hope this helps.
The bullish falling wedge may play out, as you said. I don't see
much upside in this chart though, even if the market goes up. AIG
is a weak stock, it would be my candidate for shorting during a
downtrend. For what it's worth.
AIG shoulderHeadshoulder Pattern, monthly???
Posted by joseph1 on 20th of Dec 2009 at 04:54 pm
The weekly chart is showing that a move is coming:
-Ressistance
-Bollinger Bands tightening
-Volume drying up
-Divergence MACD
If there is a move to the upside, the sHs-Formation might unfold!?
AIG Breakout!!!!!
Posted by joseph1 on 22nd of Dec 2009 at 11:10 am
+12%, $31.4
AIG Breakout!!!!!
Posted by joseph1 on 22nd of Dec 2009 at 10:30 am
5% until now, $29.6
If.. and might ... You'd
Posted by junkie on 20th of Dec 2009 at 06:40 pm
If.. and might ... You'd need a lot more certainty than that to conduct that trade. Determine your entrance point, your target(s) and your stop-loss point and assess the risk. AIG has been in a downtrend. It's going to single digits eventually, but not before the whole market breaks down. I hope this helps.
Entry about 27, Target about $60, Stop-loss 26
Posted by joseph1 on 21st of Dec 2009 at 01:53 am
Thanks for your reply. Nevertheless the charts are telling another story. Please have a look.
The bullish falling wedge may
Posted by junkie on 21st of Dec 2009 at 04:59 am
The bullish falling wedge may play out, as you said. I don't see much upside in this chart though, even if the market goes up. AIG is a weak stock, it would be my candidate for shorting during a downtrend. For what it's worth.
First Target could be about $56
Posted by joseph1 on 21st of Dec 2009 at 08:44 am