Tuesday, 28 June 2011

AIG - Stock under accumulation

American International Group - AIG looks to be under accumulation by big players. Any break above the ascending triangle will cause the price action to spring up due to the huge number of buy stops placed at the breakout region just above the triangle by traders (see chart below). AIG, however, remains a short term buy trade due to the huge amount of overhead supply. There will be another low risk opportunity for you to purchase the shares on a secondary test of support. Perfect stock for "buy-and-hold" investor to load up, IMHO.





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