$AIG Short Term Long SetupIn this setup I expect price to recover from last week's 14% dip on monday preceeding earnings, I personally plan to day trade this on Monday to catch what I expect will be a pre-earnings rally. If price breaks the 20 MA (yellow line) with a good amount of volume, it would be safe to assume that we would get back to testing the top of this ascending triangle we've been forming @ around 27.75$, especially if the earnings are solid.
I would set a tight stop at around 23.50$, but for longer term swing trade i'd aim for the support @22.25, which is confluent with the neckline of the inverse head & shoulders observable on the 2nd of April. TP@ 25.5$ as there lies the 200 MA which has rejected the price time and time again. I'd be careful of holding this/most stocks as we have had a ridiculously strong dead cat bounce from our lows in march and the overall trend is very bearish.
As we can see here the S&P 500 recovered 36% but has recently been rejected by the 200 MA and is currently forming a bearish divergence on the MACD.
Cheers and goodluck
Feel free to share your thoughts :)
AIG
Analysis of AIG 19.09.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 57.50
• Take Profit Level: 58.50 (100 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 56.20
• Take Profit Level: 55.80 (40 pips)
USDJPY
A possible short position in the breakdown of the level 107.70
EURUSD
A possible long position at the breakout of the level 1.1065
AIG
A possible short position in the breakdown of the level 0.9900
GBPUSD
A possible long position at the breakout of the level 1.2530
bear flag on AIG and subdued volatility: put debit spreadAIG currently is trading with an IV30 of 19.6, making its IV Rank 21.8. This low rank indicates that the options will be cheap, and encourages debit spreads, regardless of being bullish or bearish. These spreads will profit when volatility mean-reverts to higher levels.
Because of this well-developed bear flag, we are expecting a continuation of the prior downtrend, thus reversing the immediate uptrend characterized by higher highs and higher lows. To profit off of this, we are doing a put debit vertical by longing the July 26th 54 puts and writing the 53s, for a max potential profit of 41 and capped potential loss of 59, per contract. This is particularly cheap because they expire prior to the expected earnings announcement on August 1st, '19. The break even price is 53.41 because it is being done for a debit of .58. There is max profit below the short strike K = 53.
AIG's Pre GFC Bubble vs. Gold. Interesting similarity.Not that this is necessarily meaningful, but I find the characteristics of these assets rather strikingly similar. While I certainly would not trade off this alone, it kind of cements my view that Gold is potentially due to for a huge selloff here, which is a very contrarian take in today's market environment.
The charts read extremely similarly...
peak exuberance hits then bursts to a low that is half way down the increase since the start of the bubble. For AIG, this was the dotcom bubble, and for Gold, it was the commodities exuberance from 2000-2011.
After initial burst, market stabilizes and the asset recovers, but is a shell of what it was during the bubble era. It rises, bouncing off a new neckline back and forth over the next 7-8 years with smaller waves in each bounce.
At the end of 8 years, the narrowing bounces hit the neckline, and sell off likey in tandem with some variety of crisis).
The crisis breaks the neckline, and the bear market resumes for the asset, forcing technical traders to realize that the previous 7-8 years were a very long bear flag bouncing off a neckline.
And for whatever it's worth, I'm not saying this is a high probability scenario that Gold breaks the neckline, and I certainly don't think it's going to zero. But I think there is a much higher risk of a big selloff in gold than the market realizes.
Perfected ih&s on AIGBeautiful inverted head and shoulders here..
This is a technical trade, setup looks good with volume supporting to the patterns validity. Safe play is entering upon a break of neckline, or on an s/r flip above the neckline
Distance from neck to head is roughly 20%, putting our target in the low 50's. To the right, there is a conveniently situated VPVR gap befitting of this move as well. For me its a buy. will exit upon pattern invalidation!
AIGBTC: 32% Juice LeftWe are entering the last third of the previous cup'n handle playing out. There is 32% juice left from the current price.
You can watch this chart and how it plays out live, here in case I will update it:
www.tradingview.com
Happy Trading!
Ethereum Donation Address: 0x285C0455D4B8c1b9e9D9f4a03bbFa130fEcD894B
Aig Stock Continuation StreakResearch And Analysis
We are seeing some of the bull momentum here and in our opinion if it breaks the above trend line then it will continue its bullish momentum as expected.
This is compression zone and in it this market is stuck between let us see how it breaks this compression consolidation.
AIG showing signs of multi-month improvementAIG was hit particularly heavily in the 2007-2008 mortgage crisis, and whilst other names, such as JPM have managed to recover, American International Group has been a stark underperfromer.
There are early signs of improvement, however, as prices begin to push above the critical USD64.93 year high of July 2015, with rising studies suggesting further gains in the coming months towards significant resistance at USD80.00. Still higher is the October 2008 high.
It would seem Hedge Funds and Asset Management teams will likely further increase their exposure in AIG, and this could help to maintain, or even catalyse, the implied rally.
Shoot and Run ® - Day1Trade1Testing a Strategy Shoot and Run ®. (2nd week)
Tested last week with some success, here on TV Demo account, i have decided to keep testing it and to share the strategy this next week, this will allow me to create a "journal" of this trades to study.
I enjoyed last week, I hope to create interest in some of you, who are in the learning process like me, and testing things.
1. I'm using TradingView Trading Demo Platform;
2. I do not usually trade/invest stocks;
3. THIS IS A TEST;
4. Do not do this at home without the presence of your parents ;)
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Balance: 169779.06 // Equity: 169779.06
"Reset Paper Trading Account..."
Balance: 100000.00 // Equity: 100000.00 (Start again just for this test)
Default Units per position: 100
15 min charts
OK, taking into consideration the document from Reuters, which is below, (automatically updated daily), I set pre-orders to sell or buy these companies before the market open.
share.thomsonreuters.com - "The Day Ahead section"
There will be positions that will not be activated, other positions will come into unwanted territory very fast.
It never happened in the previous tests, but it can happen to go into loss or even a huge loss.
Positions will be closed manually "almost immediately" after its opening (those that do not reach targets, SL and TP).
Day1Trade1.
American International Group Inc
sell stop 64.11
stop loss 64.31
profit trgt 63.33
Have a nice week ahead!
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