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SINA CORP
(SINA-Nasdaq):
Technical Viewpoint: From a low
of $27.72 on Aug 15, 2003 prices
rallied, reaching a
high of $34.75
on Aug 21, 2003. A
decline saw prices pull back, reaching a
low of
$29.11 on Aug 26, 2003.
Another rally saw prices penetrate
resistance, closing 9/22/03
at $42.53. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 4, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $33.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 15, 2003. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! SINA CORP
(SINA-Nasdaq) @ $42.75 Stop: Use a protective stop of $40.75.
SINA CORP is currently trading @ $42.53 plus $2.30 on Sep 22, 2003. Price Objective:
$51.25. Risk/Reward: $2.00 VS. $8.50. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$51.25
Risk/Reward:
$2.00 VS. $8.50
Risk/Reward Ratio:
4:1
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