CHINA.COM CORP
(CHINA-Nasdaq):
Technical Viewpoint: From a low
of $65.00 on Dec 31, 1999 prices
rallied, reaching a
high of $95 1/2
on Jan 3, 2000. A
decline saw prices pull back, reaching a
low of
$73.00 on Jan 12, 2000.
Another rally saw prices penetrate
resistance, closing 1/19/00
at $86 5/8. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Dec 31, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $75 1/2. Resistance: Is at $95 1/2.
Point & Figure: Reversed to the upside on Jan 13, 2000. A P&F upside
reversal takes place at $80.00. Summary: Technical indicators have turned bullish. BUY! CHINA.COM CORP
(CHINA-Nasdaq) @ $89 1/8 Stop: Use a protective stop of $86 1/4.
CHINA.COM CORP is currently trading @ $86 5/8 plus $5 1/8 on Jan 19, 2000. Price Objective:
$128.00. Risk/Reward: $2 7/8 VS. $38 7/8. Today's Risk Reward Ratio: 13:1
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