SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (21847)6/14/1999 5:57:00 PM
From: Teresa Lo  Read Replies (3) | Respond to of 41369
 
Technical Update - AOL

America Online is in a classic broken triangle formation, similar to CMGI and EGRP. It tested support today at $90. It tried to bounce last week, but found sellers at the 20-day exponential moving average overhead. At this point, if a bottom cannot be put in here at $90, then the full measurement of the broken triangle formation produces a target of $69.

For more information on classic chart patterns and their measurement formulae, please refer to Edwards and Magee's Technical Analysis of Stock Trends amazon.com or John Magee's Analyzing Bar Charts for Profit amazon.com

The calculation formula for measurement of AOL's triangle has been posted to intelligentspeculator.com