AIG Weekly Analysis 10/26/2013

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AIG long and strong on the weekly candle.

This is a continuation of a series of previous posted charts .

tradingview.com/v/LCD1fRMj/
tradingview.com/v/KLmqANDH/
tradingview.com/v/kAyKlDdn/

As show here, on weekly chart AIG now broke the resistance at $50.3, into the next zone of consolidation. I expect the RSI to drop a bit (to around 60-70s) before continuing the next leg up. The bullish trend is certainly up and strong.

Disclosure: No position in AIG at the time of analysis

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