- SINA Corp weekly chart shows price testing crucial support zone between 41 and 43
- Daily chart shows a Bullish engulfing pattern.
- Daily chart with macd shows positive divergence. Good upward momentum can happen only if price starts to trade above 50 levels.
- IWM Daily chart shows price closing above the falling resistance line.
- 50 Day SMA is the immediate resistance level.
- Weekly chart looks bullish as price forms an engulfing pattern just above the cloud. If the price advance continues the engulfing pattern can be confirmed.