Tuesday, March 17, 2015

Annual Trading Forecast on AIG (2015)

AIG – America International Group – shares (NYSE:AIG) is now ripe for bullish trend. All indication, including the price action, points to further northward journey. It is expected that the market would make higher lows and higher highs within the next several months.

For this analysis, we use 4 EMAs and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. All the EMAs are sloping upwards, while the price is above the EMA 10. Those who want to take new positions may want to do so when the price dips into the EMA 20 or the EMA 50.  The overall trend will remain bullish as long as the market stays above the EMA 200.

It would not be a surprise if AIG reaches the great resistance levels at 80.0 and 100.00 this year. To profit from this market, one would need patience to ride the trend for optimal returns. Like most good trading rules, they do not always bring rewards, but they will eventually bring rewards if you are faithful to them. But most people do not do this, and that is why some make money but find it difficult to keep it.

This forecast is ended by the quote below:

 “Replace the fear of losing with a fear of not following the plan!” - Bob Robertson

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals


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