Market Snapshots

AIG Wave Analysis – 11 February, 2020

AIG Wave Analysis – 11 February, 2020
  • AIG broke key resistance level 53.00
  • Likely to rise to 55.55

AIG recently rose sharply breaking through the key resistance level 53.00 (which stopped the two previous minor corrections 4 and (b), as can be seen below).

The breakout of the resistance level 53.00 accelerated the active medium-term impulse sequence (3) from the end of December.

AIG is likely to rise further toward the next resistance level 55.55 (which stopped earlier sharp corrections A and (B) in October and November respectively).


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