Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Chinese online gamers loose shine

E-mail Print PDF

internet_2 April 21, 2011 (Chinavestor) Thanks to a 180 plus points advance of the DJIA, the overbought China stock monitor is full of action. GigaMedia Limited (NASDAQ:GIGM) is trading closest to theoretical highs but investors have to pay attention to internet stocks like Ctrip.com Inc. (NASDAQ:CTRP) or Sina Crop. (NASDAQ:SINA). Trading stock Melco Crown Entertainment (NASDAQ:MPEL) remains active while China Unicom (NYSE:CHU) stays on fire.

Internet darling Ctrip.com Inc. (NASDAQ:CTRP) approached $50 range and may break through it any time. The stock is far from theoretical highs, leaving more room to the upside.

Another interent stock on fire, Sina Corp. (NASDAQ:SINA), is looking interesting. Despite strong gain, the stock has more upside left, according to the overbought chart.

Melco Crown Entertainment (NASDAQ:MPEL) is trading at 52 week high and closed at $10, a resistance level many thought may be too far. But the overbought monitor leaves more upside for the stock below.

March operational statistics lifted China Unicom (NYSE:CHU), a fundamental strength that might be able to keep the stock go higher. But downside risk is clearly on the rise after a 20% advance for the month.

online gamers lost their shine as the overbought chart testfies. Perfect World (NASDAQ:PWRD), Shanda Games (NASDAQ:GAME) and Shanda Interactive (NASDAQ:SNDA) all fell on Wednesday with no indication what the next move is going to be.

OB_2011421

LDK Solar (NYSE:LDK) is almost oversold but solar stocks are subject to energy and oil price fluctuations. The rest of the oversold screen is not showing any China stock at extremes.

OS_2011421

Overbought A technical condition that occurs when prices are considered too high and susceptible to a decline. Overbought conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp advance from $15 to $30 in 2 weeks might lead a technician to believe that a security is overbought. Or, a security is sometimes considered overbought when the stock is trading out of its trading envelope and is approaching the theoretical high. It is important to keep in mind that overbought is not necessarily the same as being bearish. It merely infers that the stock has risen too far too fast and might be due for a pullback.

Oversold A technical condition that occurs when prices are considered too low and ripe for a rally. Oversold conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp decline from $30 to $15 in 2 weeks might lead a technician to believe that a security is oversold. Or, a security is sometimes considered oversold when the stock is trading below its trading envelope and is approaching theoretical lows. It is important to keep in mind that oversold is not necessarily the same as being bullish. It merely infers that the security has fallen too far too fast and may be due for a reaction rally.

aexpl-obos



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!

Free weekly newsletter

Get hot China stock news every Monday