CHINA.COM CORP
(CHINA-Nasdaq):
Technical Viewpoint: From a low
of $55 5/8 on Nov 12, 1999 prices
rallied, reaching a
high of $137.00
on Nov 17, 1999. A
decline saw prices pull back, reaching a
low of
$92.00 on Nov 18, 1999.
Another rally saw prices penetrate
resistance, closing 11/19/99
at $117.69. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 29, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $92.00. Resistance: Is at $137.00.
Point & Figure: Reversed to the upside on Nov 19, 1999. A P&F upside
reversal takes place at $108.00. Summary: Technical indicators have turned bullish. BUY! CHINA.COM CORP
(CHINA-Nasdaq) @ $120 1/8 Stop: Use a protective stop of $116 3/4.
CHINA.COM CORP is currently trading @ $117.69 plus $24.31 on Nov 19, 1999. Price Objective:
$199 3/4. Risk/Reward: $3 3/8 VS. $79 5/8. Today's Risk Reward Ratio: 23:1
|
Click here to view full size chart
|