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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