Here's a look at AIG going back to the 70's.
Here's where we stand for now
We came close to closing in a Hammer candle today, and though the volume wasn't as strong as this issue has seen in the past, it was reasonably high today, with a big order coming in to rescue it from the abyss. Watch the follow-through develop from here to see what kind of a bounce this order manifests. Direct overhead resistance at $25, support now at $23.
It could make an attempt for $28 if it can get the momentum behind it (not a necessarily favorable risk:reward ratio), but it will obviously be affected by any news that may come up.
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