The price move occurred on volume that was up 22.17% from the day prior, but down 10.06% from the same day the week before.
This is a reversal of the price action on the previous hour, in which price moved up.
This move is a reversal from the hour prior, which saw price move up.
It’s been a feast for bears operating on an hourly timeframe, as aig has now gone down 4 of the past 5 hours.
Closing bell video (2/18/2021) for friday (2/19/2021).
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
This move happened on lower volume, as yesterday’s volume was down 7.01% from the day before — and down 29.37% from the same day the week before.
This is the 2nd hour in a row aig has seen its price head down.