AIG trade ideas
Aig Stock Continuation StreakResearch And Analysis
We are seeing some of the bull momentum here and in our opinion if it breaks the above trend line then it will continue its bullish momentum as expected.
This is compression zone and in it this market is stuck between let us see how it breaks this compression consolidation.
Opportunity in a repeat pattern100 & 200DMA should provide lift for a bounce. Notice the repeat pattern... Earnings will determine break out to the upside or a return to the range.
Open 3 positions or more for the two main targets with additional positions for a continuation. Move stops to protect positions once price has cleared them.
Good Luck!
AIG showing signs of multi-month improvementAIG was hit particularly heavily in the 2007-2008 mortgage crisis, and whilst other names, such as JPM have managed to recover, American International Group has been a stark underperfromer.
There are early signs of improvement, however, as prices begin to push above the critical USD64.93 year high of July 2015, with rising studies suggesting further gains in the coming months towards significant resistance at USD80.00. Still higher is the October 2008 high.
It would seem Hedge Funds and Asset Management teams will likely further increase their exposure in AIG, and this could help to maintain, or even catalyse, the implied rally.
AIG turning up from a base, 10+% upside to resistanceQuick observation: AIG is turning up from a base and is lagging far behind TRV which has already returned to its highs.
I would risk a drop back under the EARNINGS SUPPORT line about 2% lower (but use a 4% or so stop loss) and target a rally to the 60-62 area, up more than 6-7 points or 13%.
Keep an eye on TRV to make sure it holds up against the highs or else AIG will likely turn back down. What we want to see is a gradual 'catch-up' as investors slowly sell out of their TRV positions are re-position into AIG.
The valuation of AIG seems less solid than TRV which earns steady returns while AIG's quarterly earnings are more volatile.
Do your own due diligence:
Tim
53.76 last AIG
10:35AM EST 3/18/2016
Shoot and Run ® - Day1Trade1Testing a Strategy Shoot and Run ®. (2nd week)
Tested last week with some success, here on TV Demo account, i have decided to keep testing it and to share the strategy this next week, this will allow me to create a "journal" of this trades to study.
I enjoyed last week, I hope to create interest in some of you, who are in the learning process like me, and testing things.
1. I'm using TradingView Trading Demo Platform;
2. I do not usually trade/invest stocks;
3. THIS IS A TEST;
4. Do not do this at home without the presence of your parents ;)
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Balance: 169779.06 // Equity: 169779.06
"Reset Paper Trading Account..."
Balance: 100000.00 // Equity: 100000.00 (Start again just for this test)
Default Units per position: 100
15 min charts
OK, taking into consideration the document from Reuters, which is below, (automatically updated daily), I set pre-orders to sell or buy these companies before the market open.
share.thomsonreuters.com - "The Day Ahead section"
There will be positions that will not be activated, other positions will come into unwanted territory very fast.
It never happened in the previous tests, but it can happen to go into loss or even a huge loss.
Positions will be closed manually "almost immediately" after its opening (those that do not reach targets, SL and TP).
Day1Trade1.
American International Group Inc
sell stop 64.11
stop loss 64.31
profit trgt 63.33
Have a nice week ahead!
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spotify:track:4HfKPoMkLc9fT4sX1B8QZX
