AOL TIME WARNER (AOL-NYSE): Technical Viewpoint: From a low of $10.80 on Apr 1, 2003 prices rallied, reaching a high of $14.18 on Apr 24, 2003. A decline saw prices pull back, reaching a low of $12.95 on May 12, 2003. Another rally saw prices penetrate resistance, closing 5/22/03 at $14.35. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 7, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $13.63. Resistance: Is at $14.60. Point & Figure: Reversed to the upside on May 22, 2003. A P&F upside reversal takes place at $14.25. Summary: Technical indicators have turned bullish. BUY! AOL TIME WARNER (AOL-NYSE) @ $14.50 Stop: Use a protective stop of $13.12. AOL TIME WARNER is currently trading @ $14.35 plus $0.69 on May 22, 2003. Price Objective: $24.00. Risk/Reward: $1.38 VS. $9.50. Today's Risk Reward Ratio: 7:1