3rd Jan 2011 – Pattern Study - AIG

Ticker:

 

1. AIG

 

Topic:

 

1. Who dares to buying into a shitty company like AIG (when it is climbing the wall of worries)?

 

Lesson Learnt:

 

1. Chart will always tell you whether shitty company like this is worth to buy in or not. Forget about all the crazy rumors.
2. It has gone above the 100MA line for the long term chart.
3. It has also gone above all the MA line for the 1 year daily chart.
4. Volume has picked up since mid of Nov 2010.
5. Up trending RSI seems to be telling the story.
6. Up trending daily MACD is great.
7. Don't be surprised it poke through $100.00 in the near term.

 

Intraday Chart

-NA-

Historical Chart