CHINA FINANCE ONLINE LTD
(JRJC-Nasdaq):
Technical Viewpoint: From a low
of $10.02 on Jan 22, 2008 prices
rallied, reaching a
high of $19.88
on Feb 4, 2008. A
decline saw prices pull back, reaching a
low of
$14.60 on Feb 20, 2008.
Another rally saw prices penetrate
resistance, closing 2/29/08
at $21.22. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 21, 2008 when the Histogram crossed the "0" line to the upside.
Support: Remains at $16.50. Resistance: Is at $22.43.
Point & Figure: Reversed to the upside on Feb 29, 2008. A P&F upside
reversal takes place at $19.50. Summary: Technical indicators have turned bullish. BUY! CHINA FINANCE ONLINE LTD
(JRJC-Nasdaq) @ $21.88 Stop: Use a protective stop of $20.38.
CHINA FINANCE ONLINE LTD is currently trading @ $21.22 plus $4.21 on Feb 29, 2008. Price Objective:
$30.50. Risk/Reward: $1.50 VS. $8.62. Today's Risk Reward Ratio: 6:1
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