BUY! China Netcom Grp Corp (CN) NYSE

  Report No. 259    Analysis by: Harry Aloof     JANUARY 22, 2008

CHINA NETCOM GRP CORP (CN-NYSE): Technical Viewpoint: From a low of $58.42 on Jan 2, 2008 prices rallied, reaching a high of $66.15 on Jan 10, 2008. A decline saw prices pull back, reaching a low of $59.13 on Jan 16, 2008. Another rally saw prices penetrate resistance, closing 1/18/08 at $64.92. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 21, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $60.00. Resistance: Is at $66.15. Point & Figure: Reversed to the upside on Jan 14, 2008. A P&F upside reversal takes place at $62.00. Summary: Technical indicators have turned bullish. BUY! China Netcom Grp Corp (CN-NYSE) @ $65.38 Stop: Use a protective stop of $62.88. China Netcom Grp Corp is currently trading @ $64.92 plus $3.70 on Jan 18, 2008. Price Objective: $77.50. Risk/Reward: $2.50 VS. $12.12. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$77.50 Risk/Reward:
$2.50 VS. $12.12 Risk/Reward Ratio:
5:1
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