Stock Technical indicators to notice in TIME WARNER (AOL.MU)
1- Last bearish trend was from 6.40 $ (3/18/2009) to 5.82 $ (3/20/2009) a 0.58 $ move 2- The current bullish trend started from 5.82 $ at 3/20/2009 and is currently trading at 6.28 $.
4- AOL.MU current resistance level is at 6.40 which is the 100.00 % fibonacci retracement of the last 0.58 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
TIME WARNER (AOL.MU) Short term stock chart patterns for internet stock trading :
None.
TIME WARNER (AOL.MU) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 5.820 and 5.490, and is currently supporting at 5.952.
TIME WARNER (AOL.MU) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 2.610 $ height triangle which was broken up at 6.370, target of the pattern is 8.980.
Stock Trading Conclusion:
TIME WARNER (AOL.MU) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 6.40, 6.56, 6.76, 8.98.
Stock Support levels : 6.20, 6.18, 6.17, 6.11, 6.10, 6.05, 6.04, 6.03, 6.00, 5.96, 5.95, 5.82,.
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