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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$77.50
Risk/Reward:
$2.50 VS. $12.12
Risk/Reward Ratio:
5:1
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