AOB Breakdown
By Johns Wu on Nov 21, 2005
AOB looks like its on the brink of a breakdown. Today it fell through the uptrending support after a failed bounce.
AOB will make its stand tomorrow at the 50 DMA, its last line of support. Be careful, I have a feeling that shorts are going to be shorting every uptick if it falls through the 50 DMA.
This entry was posted on Monday, November 21st, 2005 at 7:26 pm and is filed under Annotated Analysis.
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2 Responses to “AOB Breakdown”
By M$M on November 22nd, 2005 at 4:40 pm
I actually had a large limit in at 5.35. Had CPU probs this AM, by the time I got on it was gone. It’s a nice trading stock right now, good volatility, good fundamentals, and pretty easy to ready. To bad I gooned today!!! Oh well, always tomorrow.
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Yeah, I’ve got a bunch of AOB at around 5.6. I was hoping that trendline would hold. Now I’m hoping for the 50-day MA. But, its got good fundamentals. I don’t think it will be shorted too much now, (I hope).