AIG Daily (14.08.2014) Technical Analysis TrainingThe American International Group (NYSE:AIG) Daily Diagram Technical Analysis Training shows the following:
The AIG share has broken the neckline of SHS pattern that we have mentioned in last diagram. Now AIG is trying to breaches the Kijun Sen into the KUMO.
MACD is bullish under the zero line and RSI is 50 to bullish. The volume is moderate.So the first think in mind is the reversal and the breach of Kijun Sen resistance.
There is no special candlestick pattern. The share is into the KUMO and above the Kijun Sen (the bet for today) and Tenkan Sen too.
Long AIG if it positive today for 54.63 first and watch the 2.618 of fib as a level. Otherwise stop loss and short for 53.12 first.
AIG
AIG Daily (15.07.2014) Technical Analysis TrainingThe American International Group (NYSE:AIG) Daily Diagram Technical Analysis Training shows the following:
The AIG share has made a long term development with the support of Kijun Sen & Tenkan Sen lines (for 3 months now) (light blue & light green). These support lines are above the KUMO, which means that the AIG is bullish in long term. The weekly and monthly diagrams are both bullish to neutral.
So the first think in mind is the red resistance line. MACD is bearish and RSI is neutral to bull. The volume is moderate.
There is no special candlestick pattern. The share is above the KUMO and above the Kijun Sen and Tenkan Sen too.
There is SHS pattern that has solved downtrend but the KUMO support was very strong.
I make some long thoughts in the case of breaching the red resistance line.