American International Group (AIG) and Alcoa (AA) are two stocks i spotted which are at their crucial pivot point. At their pivot point, one can see the congested area of moving averages. AIG had formed what appears to be a double bottom formation. It looks more like a buy than a short sale potential in our case. The bias is also to the upside for Alcoa as the aluminum producer is trapped in a symmetrical triangle spanning a few months.
AIG
Alcoa
My bias is to the upside for the stock market currently.
AIG
Alcoa
My bias is to the upside for the stock market currently.
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