American International rises for sixth straight session - Analysis - 15-08-2022

American International Group's stock (AIG) kept rising after exiting the descending correctional price channel that guided recent trading, with support from the 50-day SMA, marking a profit of 1.92%  in the last session, or 1.08 points, and settling at 57.41, with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the resistance of 59.70, provided the support of 53.40 holds on.

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Expected trend for today: Bullish