America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Vendit™ who wrote (17281)	5/17/1999 7:15:00 AM
From: Vendit™	Read Replies (7) of 41369

How I see this week shaping up for AOL: In this chart you can see a money flow analysis. A bottom is made when the money flow line gets close or touches the lower red line at the 20 area of the scale. This is where AOL is as of close Friday which is a very bullish condition. In the main chart above the smaller one you will see the general possible trading range indicated by the upper and lower black lines that envelopes the stocks actual price moves. This places lower support at about $119 and upper resistance at $147. A break above or below either of those two levels will mean a continuation to the next level of support or resistance. askresearch.com Williams R% Created by Larry Williams to identify overbought and oversold conditions based on today's price in relation to past prices. Williams %R has an excellent ability to anticipate price extremes and many times forms a top or bottom and reverses days before the securities does. The chart is read upside down with peaks designates as lows on the %R scale. Oversold readings occur in the 80-100 range and overbought readings in the 0-20 range. askresearch.com In the above chart you can see AOL is very clearly oversold and due for a rebound. My favorite buy signal (MACD 8-17-9) is also still very much in a doable range to signal. askresearch.com My opinion is that it is possible to open lower on Monday but we will see a rebound start Monday afternoon or Tuesday at the latest. New near term target is $147. All of this is IMO. Vendit

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