American International Groups stock price (AIG) inched down in the intraday levels, after the pivotal and stubborn resistance of $78.95 held on, as the stock gathers positive momentum to help it pierce that resistance, amid the dominance of the main upward trend in the medium term as it trades alongside the secondary shortterm trend line, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.

Therefore we expect the stock to return higher, targeting the resistance of $83.60, provided the pivotal resistance of $78.95 is breached.

Forecast today: Likely Bullish