America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: JB who wrote (18846)	5/27/1999 6:33:00 AM
From: Vendit™	Read Replies (2) of 41369

Good morning Jack, What's your take on today? A head fake or the possible beginning of early summer rally? In the chart below you can see that although AOL moved outside of the lower band yesterday but it was drawn back up inside the trading range like a rubber band snapping back. The black line just above yesterdays candle is the likely near term target that AOL will reach before it encounters strong resistance. That target is as I said yesterday, in the $130ish area. If AOL can achieve a close above $132 then it will go to the mid $140's which is the next test. If not then back down to the teens for another bounce. My personal opinion is that AOL will continue over the next several weeks moving in the range that you see in the chart. This range is approximately $112 to $145. 206.146.143.80 Vendit

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