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Tarquin Coe
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Senior Technical Analyst at "Investors Intelligence", purveyors of research since 1947. Well versed in virtually all Technical Analysis disciplines, from straight forward trend following to Elliott wave theory, with over a decade of experience. Analytical style is top-down, with... More
My company:
Investors Intelligence
My blog:
The Coe Report
  • Chinese ADR reasserts outperformance 0 comments
    Jul 27, 2011 12:56 PM | about stocks: CTRP (NASDAQ:CTRP), a Chinese ADR, is attempting to reassert its primary uptrend following a sideways consolidation for the past six months.
    Momentum conditions are not overbought and a break above resistance at $50 is expected over the next few weeks. Beyond that, it should run up to the 2010 high of $54.25, also the all-time high.
    The point and figure relative chart is also firming, reasserting its uptrend relative to the S&P 500.
    We view the Chinese online travel services provider as a buy. Bullish view negated on a break beneath $36.

    Stocks: CTRP
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