Technical analysis

AIG Wave Analysis – 2 December, 2021

AIG Wave Analysis – 2 December, 2021

• AIG reversed from support level 1.32

• Likely to rise to resistance level 1.3365

AIG recently reversed up from the key support level 52.00 (previous monthly low from September) intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse (1) from July.

The upward reversal from the support level support level 52.00 stopped the previous intermediate ABC correction (2).

AIG can be expected to rise further toward the next resistance level 54.00 (former support from the middle of November).

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