Technical analysis

AIG Wave Analysis – 16 February 2023

• AIG broke daily down channel

• Likely to rise to resistance level 64.00

AIG recently broke the resistance trendline of the daily down channel from January – which accelerated the active impulse wave (3).

The breakout of this down channel is aligned with the clear multi-month uptrend from last October.

AIG can be expected to rise further toward the next resistance level 64.00 (top of B-wave of the previous ABC correction (2)).

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