AIG – A Possible Bullish Entry Point I’m Watching

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.

Carolyn Boroden

twitter: @Fibonacciqueen