A Familiar Scene

AIG, did not reverse as anticipated, link here.

Short position, AIG-26-01, was closed out with a tiny loss.

There are fundamentals a-plenty, link here, to surmise that AIG’s on borrowed time (not advice, not a recommendation).

From the chart, it’s been five successive weekly highs, and higher lows.

With the knowledge a reversal can happen at any time, looking at the chart with its ‘spring’ condition, what’s the next (most likely) target?

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279