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Sasol

Sasol- New Chart Work with some changes... Update 1 Hey everyone... We end the week with Sasol hitting R72 and R122 in one week and as of writing is at R105, We have seen a jump from R91 to R112 in less than an hour. What a long a interesting week for the markets and Sasol... I have just posted a revision of my one chart, I will explain it through updates during the week. I just wanted to end the week of with as much foresight on Sasol as possible. Please share and ask questions... As mentioned above Detailed Explanation of the Analysis will follow, please like and share if possible and would really appreciate a follow and a comment and I promise to get back to you. Kind Regards Rudi Roelofse
JSE:SOLLong
by rudiroelofse
9
Sasols big break still ahead ... A few more times will add to this analysis tomorrow, I'm also looking for just some stability but for now here is some of my charts. What I tried to show with the USOIL and USDZAR is that both of them benefits Sasol the higher they are. However the news of the vaccine shot up oil future and the markets overall. Along with the election and the Vaccine news 1) The rand strengthened to its best since Covid started, to the dollar , 2) The Oil future rose by almost 10% So we know and saw what the effect of people being uncertain has on some stocks and how even the slightest news can ease their concerns and we see stocks rocket like we did. As always the sellers were waiting for just their moment but looking at the chart the high sell off did not last very long and the number of shares shows to more institutional traders who took profit looking at DOM while the action was happening. Getting back to my chart of the US OIL and USDZAR, We see them diverge, normally people are more reactive on USDZAR value but it looks like others news have taken over for now. So we are sitting with a much better oil price than a while back, the USDZAR has already started moving in the other direction. If the Oil price could meet the USDZAR up higher as not only analysis but even looking over the last few days clearly shows is on its way again, then we are clear for a really new target. For those sad of todays or yesterdays losses...Relax some of us have been on the Sasol train for ages and markets. Remember that Moderna, Regenatron and many more vaccines will be announced over the next month or two, expect another breakout to happen more than once...just be ready at any second. I have personally set my take profit to R133 and stop loss to R79. Will update on the full charts tomorrow or as soon as possible. Tomorrow is quite important in seeing the short term to medium term trajectory. Rudi Roelofse
JSE:SOLLong
by rudiroelofse
6
Sasol Analysis As expected, negative outlook on Sasol share price continues as we see Sasol losing 7% today and passing through the R 98 support line and providing an underwhelming rebound just below the support. Its safer to assume the trend will continue although a rebound at this point is possible but not worth the gamble. Im not even considering a partial buy in, considering the opportunity cost of investing in Sasol at this point. If Sasol does reach 80 or even 90 per share, perhaps we can revisit the possibility of buying in depending on the level of trajectory it takes to reach those points.
JSE:SOL
by AfroTez
2
Sasol - JSE - Analysis October 16 2020This is my first analysis I published on TradingView. I have bought Sasol at multiple levels over the last few months. I entered at R60 and bought a bit more to the top and sold out at 155 keeping the houses money invested. As many have seen and spoken about Sasol fell from a peak in covid of R180 and Showed resistance and support at R150 , Lost Support and Momentum which I believe brought the stock back to the R130 level. Looking at chart analysis there is a simple yet huge divergence on the RSI line also looking at the volume oscillator showing us that it is still being in the same range of buyers vs Sellers. I honestly think the news of them selling 50% of their future cash cow was bad for the market however Sasol trades much more related to the oil price and the USD/ZAR. Taking this all into account along with the break at 2 trendlines I initiated a large position at R104 with stop loss at R89 and Take profit target at R130 (1 Month time span | Good potential for breakout and climbing the ladder to R150 before year end again | R210 1-3 Years Target
JSE:SOLLong
by rudiroelofse
24
Sasol Trade Plan 17/08/2020We have seen Sasol break the R 151 mark at the most unlikeliest of times. This was of course when news of the impairment was publicized and a lot of people were expecting a massive drop. The opposite happened of course. For Monday when results are finally announced of which we all know won’t be positive results, we can expect a massive drop to around R 132. I don’t believe the 144 would be able to hold on these results announcement. We must note though that the uptrend support line has constantly been respected by Sasol and we can attribute this support line as one of the reasons Sasol finally managed to break the R151 resistance. These two lines are converging and ultimately one line has to break. Currently sitting at R144 we can put the 151 back in play as a major resistance. Sasol does have a tendency of pulling the rabbit out of the hat and we could also see a positive open maintaining the respect of the uptrend line. If this does happen, the R160 resistance will be target point as this has been tested twice already. Positive Sasol market could mean results are not as bad as traders are expecting them to be. I’m generally leaning short for Monday’s trading day. A massive dip will be a good opportunity to buy in at the dip.
JSE:SOLShort
by AfroTez
6
Sasol Trading Plan - 19/07/2020Interesting trading week Sasol had last week. it finally managed to break the down trend as well as the R 144 resistance and finished comfortably at R 149 approaching the infamous R 151 resistance. For those that have been following my Sasol analysis would know this has always been the struggle point Sasol cant seem to get passed. having been tested countless time its safe to assume the pattern might follow and we could see a drop. If we have a mildly positive market we can expect it to rest at the R 144 support line and if we have a negative we can expect to break beyond this point. If we do have a positive market however we can expect it to peep beyond the resistance and perhaps then see a drop from there. Its safe to assume this positive rally was due to the news of a deal being made on the sale of one of Sasols assets. With its performance this past month its hard to see Sasol drop below R 120.
JSE:SOLShort
by AfroTez
8
Sasol Trading Plan - 06/07/2020Sasol looked more tame toward s the end of the week as markets started to look a lot more positive. We haven’t seen another test of R 125 but are still ready for when it does come up. We have a partial buy in at R 125 and a second partial buy in at R120 should we have another negative dip. I won’t be buying in at R130 as this support lines strength is in question. A positive open may see us hit R144 again or just below that as we notice a down trend line which may confirm the general downtrend is continuing if it is not broken soon. This will be Avery interesting week for Sasol as it seems it has finally reached stability in R 120. Good luck
JSE:SOL
by AfroTez
Sasol Trade Plan 01/07/2020We are beginning to notice a gradual down trend on Sasol as we are seeing higher lows. We need a positive day soon to break the short term trend. R 130 support managed to hold off the share price yesterday but if we have another negative day today it’s fair to expect we will break this today and March for R 125 once more. This will be a good partial buy in I will partake in but I will be conservative, another really good partial buy in will also be at 120. I’m sure a lot of buyers are eying this entry point aswell. Chances of us hitting 100 are mild at this point but today’s performance will give us more clarity on that possibility. Opening at a posit Will put us at R135 resistance test. We managed to cross this two days ago with no sweat but we were promptly brought back under it yesterday. Overall expecting negative outlook today and ready to buy at those dips mentioned. Best of luck
JSE:SOL
by AfroTez
Sasol Trade plan 26/06/2020Sasols triangle was broken yesterday at open and thus making the incline support line irrelevant at this point. The decline resistance still stays as we are noticing a pattern of lower highs and thus we can expect the next high to rebound on this resistance. That could happen either today or Monday. If we open at a negative we can expect a tussle at the R 132 price point as this has been tested 3 times already. I’m personally not expecting it to hold so we can also expect a rebound at R 130. The R 130 support has been strong in this horizontal trend so a partial buy in is possible here, I would wait for a strong candle stick or second candle stick to confirm rebound before buying in. Personally though I’m not expanding on the Sasol portfolio, most stocks are down and would rather expand on something more secure.
JSE:SOL
by AfroTez
2
Sasol Trade plan - 25/06/2020At this point we have noticed a triangle starting to form where the fluctuations are getting less and less. Opening at a positive will keep this triangle formation going and we can expect a rebound at just below R148. At the current position though it does look like it has broken through the uptrend support line but we will only get confirmation at open if it does continue its downslope. Overall still a horizontal trend, making it harder to profit from fluctuations but good thing is we will get a more clear direction after midday today. Still in neutral standing although R135 still seems like a good potential buy, I would personally wait for a successful rebound before taking this opportunity.
JSE:SOL
by AfroTez
Trade Plan for Sasol - 22/06/2020We had a very good day on Friday attempting to break R 151 again but once again failing to do so and finishing off the day at R 146.00 which is around 2% up from open. Today we are hoping for another positive open to test R 151 again and we can honestly expect another rebound, it sort of feels like chasing the end of the rainbow at this point where breaking through R 151 will really be something special. If we open at a negative, R 135 seems like a decent support we can expect a rebound for a partial buy in. So we are on the fence right now. I would recommend you also read up on the latest news on Sasol which provides insight as to why we actually had the rally put to around R 172 and fund managers valuing Sasols stock to around R 80. So if we ever happen to see a drop to that share price it would be expected.
JSE:SOL
by AfroTez
3
Sasol Trading Plan - 19/06/2020Mild day today for the Sasol share price. As per previous analysis we opened to immediately test R 151 which we are struggling to break through and unfortunately today we are held back again. We had steady drops through out the day and a bit of positive news gave us a little jump towards the end to help us finish at R 142.85 which is 0.5% below opening price. Plan for tomorrow, if we open at a negative we can expect a rebound at R 132.77 which cemented itself today, if this doesn't hold we still have a very decent support line at R 130 which in the past has held very strong and can be considered a good buy in point. These rebound will then give us the opportunity to retest the R 144 share price. If we open at a positive we can expect another immediate test of R 151 which is still the last strong hold keeping us away from R 165. Its fair to expect another rebound at the last resistance line. Careful to note if by chance we open with a gap over R 151, we should expect a drastic rebound at or before R 165 to return and close the gap. But that is still unlikely.
JSE:SOL
by AfroTez
5
Sasol Trading Plan 18/06/2020A very disappointing close of the Sasol share price today especially because it held strong throughout the day. Unfortunately when US markets opened we started seeing a slump in the share price. It this point it’s fair to expect a further drop in share price to close this mornings gap, giving us a partial buy in opportunity at R 140 where we can expect a rebound. If we manage to open on a positive we will go back to testing the R151 resistance which has held us back today. Currently at R 143, we are at a decent buy in, I would exercise caution as there is A good chance we might close the gap. Overall still looking positive, R 120 share price still looking unlikely.
JSE:SOL
by AfroTez
7