I have a bullish trade setup I’m looking at in $AIG (AIG, $33.96, up $0.33).
It’s pretty much a make or break zone where I’m looking at support on the daily chart between the $32.62 – $33.31 area This potential support has been mostly calculated by running 100% of the prior declines within the uptrend that started with the June lows. If price can hold above this zone, I am of a buyer of AIG with my risk defined about a dollar below the low end of the cluster zone.
Typically I suggesting using "triggers" before stepping up to the plate. Please refer to my guidelines piece. My initial upside targets would come in at 36.01, 36.77 and then 38.95.