Solarfun Power Holdings Co. Ltd.(SOLF) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Solarfun Power Holdings Co. Ltd.(SOLF) closed at 21.25, down -0.51 or -2.34 % today. Based on our analysis, Solarfun Power Holdings Co. Ltd.(SOLF) is in an uptrend but could lose its momentum.

The closing price of Solarfun Power Holdings Co. Ltd.(SOLF) is above its 50 day moving average of 16.56 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Solarfun Power Holdings Co. Ltd.(SOLF) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 2-Jun-2008, about 4 trading days ago.