CHINADOTCOM CORP
(CHINA-Nasdaq):
Technical Viewpoint: From a low
of $8.20 on Oct 23, 2003 prices
rallied, reaching a
high of $10.52
on Oct 28, 2003. A
decline saw prices pull back, reaching a
low of
$7.30 on Dec 10, 2003.
Another rally saw prices penetrate
resistance, closing 1/26/04
at $12.65. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 5, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $11.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 9, 2004. A P&F upside
reversal takes place at $11.55. Summary: Technical indicators have turned bullish. BUY! CHINADOTCOM CORP
(CHINA-Nasdaq) @ $12.75 Stop: Use a protective stop of $11.25.
CHINADOTCOM CORP is currently trading @ $12.65 plus $1.17 on Jan 26, 2004. Price Objective:
$22.50. Risk/Reward: $1.50 VS. $9.75. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$22.50
Risk/Reward:
$1.50 VS. $9.75
Risk/Reward Ratio:
6:1
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