Technical analysis

AIG Wave Analysis 22 January, 2021

AIG Wave Analysis 22 January, 2021

• AIG reversed from resistance level 41.75

• Likely to reach support level 37.50

AIG continues to fall after the price failed to hold the ground above the major resistance level 41.75 (former monthly high from November) standing near the upper daily Bollinger Band.

The downward reversal from the resistance level 41.75 stopped the previous medium-term upward impulse wave (3).

AIG is expected to fall further the next support level 37.50 (former upper boundary of the tight narrow congestion zone at the end of December).

Article Rating