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

thanks cynic, looking at pth thread 201 I think he is as perplexed about SOLA as we are. I will split the difference and keep an eye on 425.

Noticed my name mentioned so thought I would add a few thoughts.

1. The SP has broken through the orignal downtrend (green dashed line) and when (if) there is a pull back this may provide support.

2. The recent push through 500p has created a new downtrend res line. If it does go up keep an eye on this, a breakout should signal a conitnuation of the recent uptrend.

3. If the SP falls watch the latest uptrend support line, if it falls through 4 with any momentum I can see $3 on the cards.

4. Looking at the MACD, the push through 5 created negative divergence on this indicator and from this alone I would expect any rise back to 5 is unsustainable and a shorting opportunity, unless of course it can break out.

5. Looking at the RSI, there is again a res line (falling) which may 'trap' any rise, but also some support.

6. Both the chart and the indicators are tying in quite nicely and any move up or down will be reflected in all at the same time, couldn't ask for much better confirmation however you look at it. Volumes are also quite small and have been for a while, another reason to think that the uptrend is not supported.

Personally I think it's a short with a stop slightly above 5, although it may just be a tad early to get the best entry.

pth

SOLA is looking more and more like a short ...... i get the feeling that sp is being artificially supported whiole SOLA tries to get $200m offering taken up on Wall Street .... in fact, given the present conditions, i guess its's far from impossible that that will be pulled as unfeasible

I'm no expert in charts, but would it be fair to say that a price to short would be a fall below 410. The 200ma is at this level now, and you can see the last time the sp fell below 200ma was at 400p in mid November it went down to 338p.

read Peter's comment above .... he uses more sophisticated charts

Shorting off the 200MA in this particular scenario could be quite dangerous, take a look at my chart, trendline support immediately below.

200 dma is about 435 .... all dma broken at about 420

But rising lows since autumn intact in volatile markets.

are you still long? ..... i am neither long nor short

Yes for the time being, hoping to ride out this instability. Considering it's been pretty robust in the last few months.

it has indeed, but you may want to read some of the earlier recent posts re improving clarity etc etc ..... my own view, as posted earlier, is that sp is being supported by no more than smoke and mirrors

Up to speed with the reading, if not the posting. I'm just having a different view on this (and other solars) of late.

certainly PVCS are doing ok-well considering the general bloodshed

thanks for the help cynic & pth I can see the trendline support below 200ma now.

how interesting .... rest of the market performing adequately, so interesting to see sp here now falling quickly below the (arguable) key level of +/-420

I don't agree that 420 is a key level. Looking at my last chart the old original downtrend res has been broken (might have provided support, but didn't) and is now heading for the uptrend support at roughly 400. This is the real key level.

thanks Peter .... well noted

Sola had tracked the market over last four days, until today when it seems to have fallen of a cliff. I wonder if doubt's are creeping in about it's ability to secure $200m fundind in the US.

Short again at 459p so its going pretty well.

Thanks for the TA chaps its much appreciated.

well done GF though arguably quite a brave short at the time ..... suggest placing stops to ensure you keep a profit