Stocks

American International Group tries to vent off overbought saturation - Analysis - 22-01-2021

2021-01-22 12:36:24 GMT (Economies.com)

AIG's stock fell 1.17% in the last session while leaning on the support of 41.00, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term, while gathering momentum to help it rise anew, as it vents off overbought saturation in the RSI. 

 

Therefore we expect the stock to return higher, targeting the resistance of 47.04, representing the ratio 76.4% of the same retracement levels. 

 

Expected trend for today: Bullish

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