It seems like $AMZN is forming a doji. On the Ichimoku chart, $AMZN is trading above the kumo with a fairly strong Tenkan sen. It is likely to find support at around $239 and $231. It needs to break the kumo support at around $225 to $220 for a short.
This is a short that is worth looking into. Unlike the market index like $SPX or /ES, AOL chart has show : 1. The price has not went up further. And it is now below the Tenkan sen 2. The Tenkan sen is turning down (whereas /ES is still exhibiting parabolic movement) 3. The gap… Continue reading $AOL . Bearish setup forming
– Will be listed today – zero debt – current CEO is ex-GOOG, in charge of ads (how much will that change in terms of strategy?) Revenue Source – dial-up subscribers, – ads revenue – content licensing Competitors – YHOO, GOOG, MSFT etc Risk – falling ads revenue for the possible next quarters (may report… Continue reading AOL Inc. (AOL) : Thinking Out Loud