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Sasol LimitedSasol has had an incredible run over the last year and has been in a clear uptrend, higher lows and higher highs each time. There are no signs of this abating, although fundamentals should be considered. I believe that if the oil price stays elevated, sentiment will continue to drive this share higher where it could close the gap from May 2019, closing that gap back up to R425 If this is the case, then we can expect an additional 30% upside from current levels. I will start nibbling at current levels and will accumulate dips. My new exit price will be R425 ( 29% upside) My stop loss price will be at R250 ( 24% downside) This is just looking at the technical side of things and is not taking the fundamentals into account. We mustn't forget that Sasol hedged their oil price last year, as well as the USD/ZAR exchange rate, so higher oil prices doesn't necessarily equate to bigger profits. This means that at some point the price will reflect the fundamentals, but at the moment I believe it is sentiment driven and will continue to be as long as we have these dark clouds surrounding Russia and Ukraine and the price of oil.
JSE:SOL
by TalkingCents
1
JSE:EOH - Potential complete pullbackJSE:EOH looks to have completed its pullback from its previous move up. Price rejected the 61.8% Fib retracement level and has bounced off the intersection of previous trendlines confluenced with the 50% retracement level. Should this be the start of the next move up, a potential target could be the measured move of the previous leg up bringing a target of 960 - 970. The break of the 770 resistance will add to the momentum pointing higher. *Disclaimer* Purely an analysis and opinion, this does not constitute financial advice.
ELong
by AleF93
Bitcoin Buyside area, Road to 100kRoad to 100k I am currently waiting for bitcoin to get to 30k, before i average in again, my projections is for the coin to go touch the 100k mark before we have a big reversal, so a move down to the July 2021 lows looks like a good area of support or demand for the coin to go to the upside. I expect price to form good reversal pattern when it gets to the lows inside the indicated block before it starts its journey upwards, but if price gets into that area we must averaging in until true confirmation has been made.
BITSTAMP:BTCUSDShort
by SkyeTrader_
PPC This Is A Speculation Of What PPC Could Be Looking Like For The Upcoming Months. We Need To Wait For The Market To Seek The Liquidity Below Retesting On The 50% (RH_RL) (Price :460) Or Price Will Reach For The 50% Of The Imbalance In Price (Price :417) A Bullish Movement Should Be Expected I'm Looking To Off-Load My Shares The 925 Level DISCLAIMER : Before using this Tradingview account setups, please make sure that you note the following important information: Do Your Own Research (DYOR) Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. No Investment Advice Our Tradingview account is a financial data and news portal, discussion forum and content aggregator. Circle Forex Institution is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
JSE:PPCLong
by Prof_Invests_ZA