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

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