Technical Summary: For most of the last year and a half the stock of AIA has been consolidating in a trading range. Throughout this range the stock has consistently found support at around $6 per share. Ideally this would be the spot to initiate an investment on the stock. The stock is currently trading near the top end of its recent trading range. The stock is currently consolidating around this resistance point. It will be interesting to see where the stock goes from here. Whether it will find enough buyers to push the stock out of the range and to new highs or whether the sellers will takeover and move the stock back towards $6. Eitherway, there is not much to do here other than wait.
