Thursday, October 04, 2007

SL-VC Analysis for 10.04.2007

SOLA RESOURCES CORP.

Sola Resources Corp. is a Canadian based international diamond exploration company with projects in Brazil and Canada.

Monthly chart shows price building a base near the lows. Current resistance is at prior high of $0.73.

Weekly chart shows price currently slightly above all key moving averages. However, double top in place at $0.56 for the time being.

Daily chart shows short term resistance at $0.56 and support at $0.46. If support breaks, look for test of lows. If resistance breaks, look for test of $0.73 high. Caution is key as this is a thinly traded stock.

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