American International Group widens gains - Analysis - 19-11-2020

2020-11-19 11:52:56 GMT (Economies.com)
 

American International Group's stock (AIG) rose 0.34% in the last session, while holding above 36.19, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term (From 56.38 to 16.05), while trading above the 50-day SMA, with the gains contained by the RSI reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the next resistance at 41.00, representing the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1923
0.0029
0.2463%
1.3332
-0.0051
0.3807%
Tadawul
8693.47
65.41
0.76%
23.258
-0.788
3.277%
45.335
2.510
5.861%
48.04
0.31
0.65%
1808.040
-58.470
3.133%
 
 
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