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10/19/98 America Online (AOL) Points to watch: Completed Elliott Wave 5 up pattern on 7/21 (EW5 on chart), currently in wave 3 of a down pattern. Closed below 55 week moving average. Daily MACD signal line has fallen below 0 and is in a downtrend. Daily and weekly OBV are in downtrends. Weekly stochastics, RSI, and MACD in downtrends. Weekly ADX fell below 40. Monthly stochastics is in downtrend. Upside resistance at 110.13 (R1 on chart) and 117.3 (R2 on chart). Downside support at 96.9 . Short below 96.5. Place stop between resistance levels of 110 and 117 according to your risk tolerance. |
