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AIG.US: Negative formation, possible short

AIG.US: Daily Graph: Short Trend, short term correction

Correction to FIB 38.2%

Double top, break below the recent low – activated formation

Equities Three Inside Down – Negative trend reversal formation

Indicators:

RSI moves below 50 – negative signal

Possible sell at current levels

SL: 55.49

Alternate scenario:

If price moves above 55.49 will cancel for bearish view and will give us a possible buy signal

Stefan D. Angelov – Head of Stocks Trading


 Varchev Traders


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