AIG's volume pattern shows that it is under accumulation. This pullback offers a low risk setup. If entered around $37, with a stop under the 20 day moving average at $34.50 and target near the recent high at $50, we are looking at a 6:1 reward ratio.
If you find enough trades like this, you only need to be correct 1 out of every 5 trades to make decent profits!
1 comment:
great call!
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