SINA($SINA) : Weekly chart : Wave 5 : $140+ target ??

sina.com (SINA)i:

Keeping a weekly Perspective on SINA.

. Trade View : Bullish

. If I can be abit presumptious :

i. a double bottom on Slow Stochastics.

ii. MACD cutting upwards.

. Fast Stochs : Breakout of Triangular consolidation, syptomatic of corrective Price action and wave structure.

. Wave 4 Completed at $80

. resistance at $120
. Slow Stochatics is yet to get out of the gate but its pretty charged up looking at the RPM on Fast Stochs.

Conclusion :
Looking at Wave iii of 5 to take effect.
Potential target $140 and beyond !

via StockCharts.com