AIG: Where do we go from here?

Well it looks like AIG is still in an overall downtrend. If you look at the chart below you will see the clearly defined downward trajectory of the last few days... however this could also be a bull flag in the making watch out for a confirmed breakout or a reversal of the current trend around $40... Some key areas of support are $38, $40, $42 $44, $48, $50, & $52.... no surprise that they're whole numbers in 2 point increments. If you see it falling or racing look to these levels as support and resistance.

Right now I'm about flat with all the covered calls and buys and sells with this stock... but I have a plan to continue bringing in cash flow while managing my 200 share position.