Stock of the day: AIG

Technically, the price evolution of AIG has been a sequence of intriguing patterns. Initially, the price was ensconced within a large wedge, demarcated by blue lines, which culminated with a breakout to the downside. This movement was soon followed by the formation of a flag, delineated by green lines. Traditionally, such flags tend to culminate with a downswing. Yet, in a surprising turn, AIG's price surged through the flag's upper boundary and trended upwards.

This action of "denied bearish chance" holds significant importance in market analysis. Essentially, if a price, against anticipations, refrains from declining, it often indicates a potential upward trajectory. This very phenomenon is evident in AIG's recent moves.

The icing on the cake for bullish traders is the latest price shift above a crucial red downtrend line. In the realm of technical analysis, such a breakout – especially when it's above a dominant trend line – can be a strong buying signal. Consequently, the present sentiment surrounding AIG tilts positive, making it one of the market's must-watch stocks.