American Inter.Group Daily (27.05.2014) Chart Technical Analysis

The American International Group (AIG) daily chart shows the following signs:

The Price of AIG mades Long movements with green candlesticks over the Tenkan Sen and Kijun Sen continueing the bullish trend. The MACD gives bullish sign and the RSI is over 60. The Stock is over the EMA200, over the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.

I expect that the stock will continue the bullish movement as it does with respect on Fibonacci projections from the price of $19.69 (25.11.2011). Next target is 2.618 of Fibonacci projections around the $60 (Sep 2014).
AIGLONG

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