AOL h-pattern
AOL is curling down below all key moving averages, after it failed to hold above $40. Stock was hardly beaten on its previous earnings report and since then covered part of those losses on this strong market. Anyway, still under preassure consolidating in tight pattern. I will initiate small position here and will add on break of $38 with tight stop above $39.50. Will keep this idea on my radar till it trades below $40. My target is $35.60-$36.00.
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