AOL resistance in the above chart is $43.82. It will take a lot of buying pressure to break thru resistance so may be a good selling point if you wished to take large profits.
Support is $41.52. If the price falls below support, stock may be in for further decline.
Bollinger Band Upper and Lower Limits are 30.88 and 43.92. Many times, the price will go above the Upper Limit but will later fall back below the UL. Not wise to buy when the price is above the UL. Examples are seen in late Oct. and early Nov.
Watch the moving averages. In this chart the exponential 5 and 10 day avgs. Good sign when 5 day crosses up and over 10 day; not a good sign when 5 day crosses down and over 10 day.
Other Simple moving averages that are key are 20 day, 50 day, and 200 day. Watch for price rises or declines as they cross over each other.
Like to watch Volume by Price in addition to Bollinger Bands sometimes. Gray (buying) and Red (selling) bar chart.
I'm deep in debt in penny stocks at the moment. Bought them years ago and still trying to dig my way out. Don't buy big board stocks any more. Rather invest in mutual funds (Fidelity).
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