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For today's chart we've chosen to take a look at Sina Corp. (Nasdaq:SINA) because it is currently testing the long-term support of its 200-day moving average. As you can see from the chart below, this moving average has influenced the direction of the stock several times over the past two years and it will be interesting to see if this will be the case again. Today's bullish price action suggests that the bulls are not ready for the trend to change directions and the nearby support offers an interesting risk/reward ratio, which could lead to some indecisive bulls entering the stock. Short-term traders will likely set their targets near the swing high of $50.57 and protect their positions with a stop loss below today's low. We'll keep an eye on this stock over the next month to see if the prolonged uptrend will be able to continue.





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