Harry Aloof
03-04-2008, 06:11 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
CHINA FINANCE ONLINE LTD (JRJC - Nasdaq): Technical Viewpoint: From a low of $10.02 on Jan 22, 2008 prices rallied, reaching a high of $19.88 on Feb 4, 2008. A decline saw prices pull back, reaching a low of $14.60 on Feb 20, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $21.22. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Feb 21, 2008 when the Histogram crossed the "0" line to the upside. Support: Remains at $16.50. Resistance: Is at $22.43. Point & Figure: Reversed to the upside on Feb 29, 2008. A P&F downside reversal takes place at $19.50. Summary: Technical indicators have turned bullish. BUY! CHINA FINANCE ONLINE LTD (JRJC-Nasdaq) @ $21.88 Stop: Use a protective stop of $20.38. CHINA FINANCE ONLINE LTD is currently trading @ $21.22 plus $4.21 on Feb 29, 2008.
Price Objective: $30.50
Risk/Reward: $1.50 VS. $8.62
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2259-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
CHINA FINANCE ONLINE LTD (JRJC - Nasdaq): Technical Viewpoint: From a low of $10.02 on Jan 22, 2008 prices rallied, reaching a high of $19.88 on Feb 4, 2008. A decline saw prices pull back, reaching a low of $14.60 on Feb 20, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $21.22. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Feb 21, 2008 when the Histogram crossed the "0" line to the upside. Support: Remains at $16.50. Resistance: Is at $22.43. Point & Figure: Reversed to the upside on Feb 29, 2008. A P&F downside reversal takes place at $19.50. Summary: Technical indicators have turned bullish. BUY! CHINA FINANCE ONLINE LTD (JRJC-Nasdaq) @ $21.88 Stop: Use a protective stop of $20.38. CHINA FINANCE ONLINE LTD is currently trading @ $21.22 plus $4.21 on Feb 29, 2008.
Price Objective: $30.50
Risk/Reward: $1.50 VS. $8.62
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2259-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)