AIB trader higher on Monday as the stock followed through from Friday’s move. The stock closed near highs, which tells us there is more buying. If the stock can break through $2.67, we should see another strong upside move. All indicators are in favour of an upward price movement. The technical indicator MACD has generated a buy signal and is currently near to cross the 0 line. This momentum could push this stock much higher from here, so keep the stock on your radar for Tuesday’s trading day, as there is good upside potential in this move.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
