Wednesday, September 09, 2009

AIG is a Great Low Risk Setup

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:

Ray Ting said...

great call!