Earnings did not show a pretty picture for AOL, Inc. (NYSE:AOL). The stock is tumbling today after missing profit estimates. While down big on the day, it does not mean AOL, Inc. is a good buy. In the same respect, it does not mean it still has more downside. To determine where it is going, we must look at the chart and find the key support level where reward becomes large while risk is diminished.
When analyzing the chart of AOL, Inc., it is clear the stock has more downside to go before it hits significant support. In fact, if you look at the weekly AOL chart, there was a great bear flag that formed, triggering to this epic collapse today. It is amazing how the charts can predict a move like this in AOL, Inc. Where is the significant support? The first AOL, Inc. level is at $29.45. This is where large institutions start taking note and looking to accumulate.
The City has switched into overdrive, the London Stock Exchange has revealed, with money raised on the Square Mile’s markets almost doubling so far this financial year. The LSE said the total cash raised in the 11 months to the end of February was £28.3bn, compared with £14.8bn in the same period last year. This equates to a 91% increase in the financial year so far, with the number of new fundraisings or stock market floats soaring to 162 from 107. - The Daily Mail
This mass media presentation on the ruski/west stand off over a wee bit of land. That barely anyone has mentioned for decades. It's like wild Bill hickock (maybe lenin) v Jesse James at the Ok caral. Noon. Markets getting the jitters (it will all blow over. With little or no change. ) The dogs ******** comes to mind. BBC get a life and stay reporting something serious like knitting Sunday for a change. I rest my over burdened case. GL. (As I type. )
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