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Technology Stocks : America On-Line (AOL)

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To: avanti77 who wrote (17630)5/19/1999 1:45:00 PM
From: Steeny  Read Replies (1) of 41369
 
Well, the 25dma and 50dma are right around the 135 level. A solid move below 134 signals a move to the lower part of our current wedge at about 129. The next support after that is the trendline at 120.

Upside, 140-145 is obviously still tough.

The volume stinks as usual. TA wise, this is not good. Of course, most likely, AOL is just consolidating. I would be very surprised to see any trading outside of 120-140 for a while. The only way to break out will be major news...
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