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

Sina, Bidu, SVM attractive

E-mail Print PDF

advance2 December 15, 2011 (Chinavestor) There is not much to see on the overbought chart except for some small cap, low volume stocks that moved. This gives room to the oversold monitor where Sina Corp. (NASDAQ:SINA) as well as Baidu.com Inc. (NASDAQ:BIDU) are looking attractive. Silvercorp Metals (NYSE:SVM) fell hard and can bounce back just as E-House Holdings (NYSE:EJ).

OB_20111215

Ata Inc. (NASDAQ:ATAI) may trade closest to theoretical lows but it's Sina Corp. (NASDAQ:SINA) that is the most exciting among oversold stocks this morning. The stock is well below its trading range and while more downside is possible, chances are that is will make a sound comeback.

Similarly to Sina, China's search engione giant Baidu.com Inc. (NASDAQ:BIDU), is offering trading opportunity, according to the oversold chart.

While not oversold, the recent fall certainly made Silvercorp Metals (NYSE:SVM) attractive for traders.

E-House Holdings (NYSE:EJ) is trading close to theoretical lows albeit trouble is brewing in China's housing sector, leaving upside potential limited for the stock.

OS_20111215

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.

aa_OBOS_expl_2weeks


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