Technician
Short

AOL: Probably Topped and Heading Lower

AOL (NYSE:AOL)  
NYSE:AOL   AOL
419 1 7
AOL             may have placed a major long term top, as the price may have completed a retest to the broken neckline for the completed head and shoulders top pattern, in addition to the main rising trend line for the overall bull trend and the 52-week SMA .
Shorting upside pullbacks a bit higher is my favored action to 39.00-40.00 levels , and looking for further downside towards 32.50 and 29.00 next potential support levels. I Remain bearish as long as price remains below 44.00 over weekly closing basis.

Best of luck, join me at https://twitter.com/thefxchannel

Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos

Free Telegram Channel: https://t.me/technician_forex_trades

Trading Signals Redefined: https://thefxchannel.com
I believe this didn't work out because on 05/05/2014 the price had already corrected and hit the first "target". Some times already correct very quickly and backs itself up in a Head and Shoulders pattern. I have seen this so many times in different Forex. People place their buy orders at very low rates and they get trigerred suddenly leading to spike in volume.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out