China Finance Online (JRJC) - March 3, 2008

Harry Aloof · 03-04-2008, 06:11 PM

From Wall Street Trader's Column

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

03-04-2008, 06:11 PM	#1
Harry Aloof contributing website Join Date: Oct 2006 Posts: 154	China Finance Online (JRJC) - March 3, 2008 From Wall Street Trader's Column 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

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