05.08.2014 - We forecast growth of Sina stocks

Sina's stock price has broken through the top line of the descending corridor, and after reaching a local maximum at about 50.50, corrected down and now is consolidating around the sloping support line. In case of resumption of growth, a buy signal with the objectives of 56.40, 64.00 and 75.50, will be fixing the price above the level of 50.50. Fall is limited by the level of support 42.50. We recommend to wait for confirmation of a buy signal and expect medium-term growth of stock prices.

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