Read the latest interims.......just make sure that you are sitting down.

what you said.

just needs a bit of imagination and oriental guile

True.

Staying long here for the time being - if there's any growth left in the world, it's in China and India.

Fact not fiction (kitos) neutral item aswell....

TA expert Zak Mir as just posted this over the road at SC.....

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Zak Mir



Reged: 28/06/07
Posts: 95
Re: Renesola (SOLA)
#408989 - 04/12/07 11:42 AM Edit Reply Quote



having been a fan of the shares, it is good that there is a line of support running through 330p from August. This provides a buy point, but if that line goes we risk testing the lows under 250p again.

Cynic, looks like SOLA is going to defy gravity again. My short is losing now.

Renewables back in favour.

shut mine yesterday at 377.5, also for a loss ..... but that is the level i determined and made money elsewhere, primarily on indices yesterday

Yep I got out yesterday for a few grand loss. (fact kitos)

Still well up though on this one.

Looking to see if we get an xmas bounce as per the norm, but cant see these holding up come january, or the market in general.

Ive assembled a large war chest for a lot of shorts.

Facts are OK by me GF. You'll get it back. Always a fall-back on the cards.

GF .... i too think rough times are ahead ..... difficult to know where to target shorts, and the indices may be the easiest bet

Like g/f I have also sold most of my holdings including rnwh, (not a large warchest on the g/f scale) and will wait for large corrections in new year.

Like the look of a short in sola at some point, but I do like pvcs in this sector, checking them a little further today, but the balance sheet looks much stronger.

Strong rises and PVCS gets buy recs benefitting the whole sector.

don't short for now ..... certainly wait for 440 where sp hits 200 dma

Any short positions should have been closed when it popped through the trendline I drew on an earlier chart. The 200MA just happens to coincide with the downtrend line established back in March, would rather expect this recovery to stop right there. Depends on other indicators as well though.

thanks Peter ..... an interesting point you raise which makes the shorting potential at 440 much stronger

If you imagine some straight lines on your graph above plotting the downward highs and the recent lows, you have the whole lot coming together a little futher out at around where we are if my eyes aren't alluding me. My money's then on breaks higher this time round.

by the sounds of it, under your perception, all sorts of lines are about to coincide ..... if so, that reads heavy resistance to me

Interesting TA analysis, thanks chaps.

Just to confirm with a chart my previous comments re closing a position (short in this instance) when a resistance trendline has been broken. The SP has broken above the previous trend, but is now faced with two obstacles; firstly the 200MA and secondly, pretty solid longer term downtrend resistance. Further on the negative side, all three MAs are in the wrong order, the 200MA is still pointing South, the MACD MAs have managed to turn up and crossed, but still not over the centre line, volume is quite light. Personally I would lean towards 470p ish being the top for this particular move before another retracement, but SOLA often surprises and I don't see any STRONG reason to go short or long. Anyone already short (Hyleo?) may wish to wait and see if this move stumbles before closing. A risky strategy, but if you're already in the poo the reward may outweigh the risk. Just be careful if it does drop off, that uptrend may provide support for another assault on the downtrend.

pth