CHINA.COM CORP
(CHINA-Nasdaq):
Technical Viewpoint: From a low
of $32.00 on Aug 19, 1999 prices
rallied, reaching a
high of $54 1/4
on Aug 25, 1999. A
decline saw prices pull back, reaching a
low of
$42.00 on Aug 31, 1999.
Another rally saw prices penetrate
resistance, closing 9/3/99
at $47 7/8. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Sep 3, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $43.00. Resistance: Is at $54 1/4.
Point & Figure: Reversed to the upside on Sep 3, 1999. A P&F upside
reversal takes place at $46.00. Summary: Technical indicators have turned bullish. BUY! CHINA.COM CORP
(CHINA-Nasdaq) @ $49 3/4 Stop: Use a protective stop of $46 7/8.
CHINA.COM CORP is currently trading @ $47 7/8 plus $3 1/4 on Sep 3, 1999. Price Objective:
$69 1/2. Risk/Reward: $2 7/8 VS. $19 3/4. Today's Risk Reward Ratio: 7:1
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