AIG has essentially been trading in its blue sideways channel for the past four years. It has now reached the lower line of its big recovery channel from 2009 (shown in black).
click on image to enlarge
Investors will be forced to make a decision quickly if AIG slips through that black line again as it did a couple of weeks ago especially if it shows no inclination to jump back up into the its primary black channel. With both AIG's brown and blue channels heading sideways it's most likely that the black channel will be lost in the next couple of months if not sooner.
Trade well my friends
Alan
