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NETEASE.COM INC
(NTES-Nasdaq):
Technical Viewpoint: From a low
of $33.90 on Jul 17, 2003 prices
rallied, reaching a
high of $52.21
on Jul 29, 2003. A
decline saw prices pull back, reaching a
low of
$38.81 on Aug 8, 2003.
Another rally saw prices penetrate
resistance, closing 8/20/03
at $51.20. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Aug 11, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $42.00. Resistance: Is at $52.21.
Point & Figure: Reversed to the upside on Aug 18, 2003. A P&F upside
reversal takes place at $48.75. Summary: Technical indicators have turned bullish. BUY! NETEASE.COM INC
(NTES-Nasdaq) @ $51.50 Stop: Use a protective stop of $49.13.
NETEASE.COM INC is currently trading @ $51.20 plus $3.14 on Aug 20, 2003. Price Objective:
$60.00. Risk/Reward: $2.38 VS. $8.50. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$60.00
Risk/Reward:
$2.38 VS. $8.50
Risk/Reward Ratio:
4:1
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