Traders are watching this Rectangle on AIG. Inspect the chart now.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bullish continuation if preceding move was up.
Consolidation. Can break either way.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Market participants tracking American International Group should note the latest formation. Currently at $78.4, the asset is showing upward momentum (0.48%). Price action has carved out a classic Bullish Flag. This setup is supported by average volume turnover. A potential breakout level is identified at $79.77, targeting $87.97 with support near $75.28 (R:R 1.83).
What is your outlook on AIG?