Traders are watching this Rounding Bottom on AIG. Inspect the chart now.
Gradual reversal from bearish to bullish.
Bearish continuation pattern.
Consolidation. Can break either way.
Sideways movement between parallel supports.
Market participants tracking American International Group should note the latest formation. Price has moved to $75.42 (-0.19%) amidst recent volatility. The primary technical feature is a Rounding Bottom formation. The trend indicator is reading 7.6/100, suggesting moderate momentum. A potential breakout level is identified at $81.14, targeting $91.45 with support near $75.99 (R:R 2.0).
What is your outlook on AIG?