CHINADOTCOM CORP
(CHINA-Nasdaq):
Technical Viewpoint: From a low
of $7.30 on Dec 10, 2003 prices
rallied, reaching a
high of $8.45
on Dec 12, 2003. A
decline saw prices pull back, reaching a
low of
$8.05 on Dec 31, 2003.
Another rally saw prices penetrate
resistance, closing 1/8/04
at $10.83. 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 $9.00. Resistance: Is at $12.97.
Point & Figure: Reversed to the upside on Jan 8, 2004. A P&F upside
reversal takes place at $9.80. Summary: Technical indicators have turned bullish. BUY! CHINADOTCOM CORP
(CHINA-Nasdaq) @ $11.13 Stop: Use a protective stop of $9.63.
CHINADOTCOM CORP is currently trading @ $10.83 plus $1.38 on Jan 8, 2004. Price Objective:
$19.88. Risk/Reward: $1.50 VS. $8.75. Today's Risk Reward Ratio: 6:1
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