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

Cynic,

a little unerving I would say the chart above comparing the Shenzehn to the Naz.

Thing is though if that chart does go on and proves to be a mirror, all the stock markets in the World will be hit.

sorry; unintentionally ambiguous .... i actually meant the specific SOLA chart which i have posted somewhere on here with the various dma's etc

Simon Cawkwell aka Evil is definitely wrong on SOLA. He will make a big loss.

Definitely wrong? Are you sure? Now let's see, who is the more successful player of the markets Hlyeo or EK? Hmmm, tough call, I'll have a think.

I know little about SOLA; I neither ramp or bash stocks, but I do look at charts and this chart is saying short! The rise over the last two days is actually quite helpful, insomuch as completing the pattern I'm looking for. It's managed to get through resistance at 475, but the biggie is 500p and from a time perspective it will get there just as the Results are due, perfect timing. It is clear the company have cash flow problems and are probably over-trading, ironically by being successful. If the latest figures continue to reflect these issues without a satisfactory explanation, then it's down they go, target 250p.

On the other hand, if the Results deal with these issues, 500p will be a strong base for further rises. If I held these shares right now, I would sell tomorrow and wait for Monday, there will always be an opportunity to buy back in, implicit in that statement is I wouldn't buy until the picture clears.

Will be ready to set up a short position tomorrow. Tight stop, if I'm wrong it will be a small loss, if I'm right there could be a 250 point upside to the trade.

AIMHO, DYOR etc etc

I certainly wish you luck, ptholden

pth - shouldn't it have bounced back down of the 480p support turned resitance level to compelte the pattern? Not in or out of this share, just interested in your analysis of the chart.

Dream on...target 250p??? a joke?

Hi sd

Yes, it could have and perhaps should have and I posted as such a few days ago. Having got back through there, I'm thinking 500p is the next resistance level. I'm looking at this as a H&S pattern, although skewed, sort of lsiting to port and therefore I'm quite happy for the right shoulder to form at 500p. Note the lower volumes accompanying the rise over the last two days and negative divergance on the MACD over a longer period. The SP is also going to bump into the 25 & 50 MAs right on cue, providing additional resistance to the chart and the 'emotional' resistance of 500p.

As I have said, if the results are ok, all bets are off and I'm sure it will continue to motor, but if not.............down we go.

250p a joke? No, not at all, there is nothing to stop this freefalling all the way down, because there is no support whatsoever until it hits that level.

I rarely look to short a stock. One I thought of was MOB at 400p, but didn't; SBT I did, but had to close before the big fall due to leaving the country and incidentally all the 'long' brigade were happy to add and add at 250p before the collapse. This is the third I have noticed that may well prove to be a very profitable trade.

Complex chart patterns rarely follow the book exactly and if it does come off, I am sure it won't fall in one fell swoop, but once in profit it is easy to further build the position and lock in profits.

We will all know by Monday, if I'm wrong, I'm wrong, c'est la vie.

Hlyeo, no doubt you are long from higher up, otherwise I am sure you would at least consider the prospect that SOLA could soon be added to your 'Drastic Charts' thread ;)

pth

Only if SOLA reaches 250p, it will be there, which I strongly doubt it would.

have a look at post 628 .... interesting chart which is pretty self-explanatory ..... sp has just broken back up through 25 dma having failed a couple of times previously ..... if that holds, then quite bullish ..... then watch for 50 dma resistance .... current rsi not demanding

PTH .... conversely, I played really well on Monday but kept missing short putts; discovered yesterday that shaft had got bent so have replaced!

PT,

the results have been put back a week from the 16th to the 23rd.

Not sure if this alters your TA analysis?.

On fundies Im with Evil K, Just over 20million NAV supporting this ones Market cap.

Ok fair enough I agree a robust industry and a market leader should trade at a market premium to its assets but is the premium here justified?, I very much doubt it. Certainly doesnt provide any protection to downside if a market correction were to occur.

P/E is artificialy low at present aswell. When the recent Bonds issue are cashed in dilution will higher the already topy P/E.

Can only see this as the reason why so many funds sold off in the recentish RNS.

Good luck to holders.

goldfinger, where are you hearing/seeing results are delayed?

results being delayed is rarely the harbinger of good news so it very much surprises me to see sp performing so strongly over the last couple of days ...... i shall continue to sit on the sidelines and watch with great interest until after the results.

I can see Evil is going to be dead wrong this time. SOLA is strongly up today.

possibly .... but as i said, i'll sit this out until after the results and statement ..... sp is likely to be even more volatile than usual

excellent performance today insofar as sp has now (just) pierced 50 dma ..... in theory, nothing in the way until all time high is reached at about 620 ...... BUT the delayed figures and the attaching announcement on 23/4 will need to be very good indeed if tears at bedtime are to be avoided.

cynic, you realise the delay is because of the 30 day ruling so the results can't actually be released on 16/4. What I'm hearing anyway.

i'm thick ..... what's the 30 day ruling ..... confess i asumed delay was the usual syndrome of bad figures taking longer to add up than good

It's linked into the Convertible Bond financing and understand that the said clauses prevent results for 30 days, therefore the earliest is 23/4. So I don't think this is as onerous as it would have been otherwise.

I wonder where that ignorant ptholden is now...I guess he is speechless now...cat's got its tongue...hahaha