8/26 Sunday

Only if we can close above $35 level with good looking bullish candle.

That bullish trigger can be in two ways.

1. Aggressive traders – Set your trigger at around $35.60 to go bullish

2. Conservative traders – WAIT until it closes above $36 level and then put your trigger above that candle.

My stop is above $34 but probably below $33 is so much stronger STOp but i don’t want to risk it that much.

TARGET = $40 which is a RESISTANCE and that also COINCIDES with 161.8% Fib. EXPANSION.

Why $40 is important line.

It also lines up with 161.8% Fib. Expansion.  When it coincides like that, you know that is going to become strong pivot area. And that is the reason why that is my target.

Moving averages have been bullish for about a month now..

This is the true test $AIG is gonna face. $35 level needs to be broken before going bullish.

Do we have any bullish signs??

1. 20EMA has not been broken

2. We have Bullish Engulfing pattern at short-term support.

So it looks like $AIG is going to try one more to break $35 area.

We shall see what happens this week.

9/4 Tuesday – Fake break-out

Well as I have expected, we gonna have some fake break-outs before it actually break bullish.

I guess my trigger was good that I was not triggered today.

We do have a Shooting Star reversal at resistance so it will be interesting to see where its going this week.

We don’t have enough data if the reversal has been confirmed. Just a shooting star can’t determine the direction yet.

Overall, looking at the averages and indicators, we are still bullish in the big picture on $AIG.

9/16 Sunday –  Another Attempt!

Above $35.60 is my bullish trigger. Safer trigger is $36.

Target is at around $40. Will update more this week.

9/21 Friday – Ascending Triangle Consolidation

Looks like we are forming a ascending triangle here.

Most of these tend to break bullish so there is my bullish entry which I placed like month ago. Yes as you can see I’ve been tracking $AIG break for about month.  Sometimes it takes that long which requires patience but you can greatly benefit if or when it does break out.

Well we are getting same signals on oscillators that we are in consolidation period.

You noticed that BBands are contracting and squeezing there.  Definitely a sign for a consolidation and waiting for it breakout.

Stoch, RSI and MACD are all very neutral as you can see.  I mean you could say Stoch has bullish to neutral sentiment, RSI bearish to neutral and MACD bearish to neutral only because we’ve been moving bearish inside that ascending triangle.. No trend has been found here.

I think I am going to put my stake up little higher on that entry. Cooking very well before it pops high.