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.
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.