Chart of the Day: A Rectangle Pattern in American International Group (AIG)

A rectangle pattern has emerged in the chart of American International Group (AIG), which means that traders should be ready for the stock to breakout or breakdown soon…

American International Group (AIG) is one of the largest insurances and financial services firms in the world. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. The company remains exposed to weather-related accidents and its revenue will be under pressure as long as the pandemic lasts. The company will benefit from cost-cutting initiatives. 

Take a look at the 1-year chart of AIG below with added notations…

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