CHINADOTCOM CORP
(CHINA-Nasdaq):
Technical Viewpoint: From a low
of $8.05 on Dec 31, 2003 prices
rallied, reaching a
high of $12.73
on Jan 26, 2004. A
decline saw prices pull back, reaching a
low of
$9.68 on Feb 4, 2004.
Another rally saw prices penetrate
resistance, closing 2/25/04
at $11.57. 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 $10.13. Resistance: Is at $12.00.
Point & Figure: Reversed to the upside on Feb 13, 2004. A P&F upside
reversal takes place at $10.50. Summary: Technical indicators have turned bullish. BUY! CHINADOTCOM CORP
(CHINA-Nasdaq) @ $11.75 Stop: Use a protective stop of $10.25.
CHINADOTCOM CORP is currently trading @ $11.57 plus $0.52 on Feb 25, 2004. Price Objective:
$22.50. Risk/Reward: $1.50 VS. $10.75. Today's Risk Reward Ratio: 7:1
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