Following an anlalyst upgrade, SINA jumped 8% yesterday. The stock has been on an uptrend since August 2006. Yesterday's jump was accompanied by almost 2X average volumes. With this the daily RSI has bounced from 40 levels. There is also a bullish divergence in the daily RSI and a bullish engulfing candlestick pattern on the weekly log chart. With robust growth in the online gaming market in China, and the approaching Olympcis, SINA is a stock that can go upwards. For price target and detailed analysis incorporating both technical analysis and fundamental research, see the free stock research report on SINA available at http://www.chartfollowers.com |