Traders are watching this Ascending Triangle on AIG. Inspect the chart now.
Bullish continuation pattern.
Sideways movement between parallel supports.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Traders are watching American International Group (AIG) as price action tightens. The stock is trading at $79.06, up 1.15% on the day. The primary technical feature is a Bullish Flag formation. Volume is average (0.41x avg) with moderate trend strength (12.1). A potential breakout level is identified at $82.45, targeting $93.23 with support near $77.05 (R:R 2.0).
What is your outlook on AIG?