Short
AOL: Probably Topped and Heading Lower
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 twitter.com/thefxchannel
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 twitter.com/thefxchannel
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