SOL trade ideas
Oil and Sasol I think we can see why I say one have to be careful about the recovery potential of Sasol its actual financial affairs ...we have to look beyond technical .Financials
Valuation
Market Capitalization
88.858B
Enterprise Value/EBITDA (TTM)
5.7933
Total Shares Outstanding (MRQ)
618.398M
Number of Employees
31.001K
Number of Shareholders
323.151K
Price to Revenue Ratio (TTM)
0.4775
Price to Book (FY)
0.5891
Balance Sheet
Current Ratio (MRQ)
1.0698
Debt to Equity Ratio (MRQ)
1.3027
Net Debt (MRQ)
172.065B
Total Debt (MRQ)
207.449B
Total Assets (MRQ)
479.162B
Operating Metrics
Return on Assets (TTM)
-0.1920
Return on Equity (TTM)
-0.4869
R eturn on Invested Capital (TTM)
-0.2710
Revenue per Employee (TTM)
6.141M
Price History
Average Volume (10 day)
3.055M
1-Year Beta
4.3466
52 Week High
33.163K
52 Week Low
2.077K
Dividends
Dividends Paid (FY)
-31M
Dividends Yield (FY)
0
Dividends per Share (FY)
0
Margins
Net Margin (TTM)
-0.4786
Gross Margin (TTM)
0.2438
Operating Margin (TTM)
0.1404
Pretax Margin (TTM)
-0.6149
Income Statement
Basic EPS (FY)
-147.4494
Basic EPS (TTM)
-144.0628
EPS Diluted (FY)
-147.4494
Net Income (FY)
-91.109B
EBITDA (TTM)
49.306B
Gross Profit (MRQ)
—
Gross Profit (FY)
46.408B
Last Year Revenue (FY)
190.367B
Total Revenue (FY)
190.367B
Free Cash Flow (TTM)
-11.345B
SasolAfter the bubble burst Sasol has been in a tight range, however if we see a break from the upside we will see price hitting R180, and if we see a break from the downside we will see price hitting R100.
$SSL Sasol Bullish Targets
Potential breakout above $9.00 as stock regains
channel support.
Potential move to Mid Channel and 200ma $10.90
Indicators in reversal and Bullish.
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Sandstorm Gold reported a 33% YoY decline in revenue in Q2 2020Sandstorm Gold reported a 33% YoY decline in revenue in Q2 2020
themarketsignal.com
Because of the pandemic the company withdrew its guidance for 2020 and as per the existing royalties, the forecasted attributable gold equivalent ounces sold will be around 125,000 b 2024.
Sasol needs to fill three gaps , so my position is longSasol has been keeping strong with its resistance lines around the low R130 mark and now needs to go long and fill the three small gaps formed all the way up to R 157 which will be a good 20% growth. just be patient as we dont know how long it will take to do this. you know the saying that 9 out of 10 gaps always get filled so we have a good chance of riding the long wave when it comes.
Please note that this is just a speculation and not financial advice, please comment on your opinion or suggestions.
Trade safe and always manage risk.
SOL ShortSasol as expected will pull back from today with Bad earnings report ?
Covid causing Bigger than anticipated losses
SOL - Long IdeaBeen tracking this trade for a while. This is an updated idea, with the trade already triggered last week after a close above R150. Target is R180 with stop loss a close below R150.
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.
Sasol Bullish LookThis looks bullish but depends on strength 14300. It's in the uptrend in a higher time frame, so I am hoping will jump in and move with it.
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Ideas in this page are speculative and not a financial market investment advice , please apply your own analysis and confirm it with price action.
Pattern Repetition in Sasol $SOL JSE:SOL
Just for interests sake, the pattern which followed the March crash seems to be repeating itself. If it completes, there would be the repeat of the X leg still to come. But would surely need a catalyst, and right now that is not the oil price, maybe that changes next week. Otherwise, the last part pattern, the harmonic could just play out and go down to around R135
SOL LongSOL H&S Pattern broken to the upside
wait for confirmation but i expect Sasol change to short term bullish
to complete the C&H pattern previously started
Bullish triangle patternJSE:SOL
Bullish triangle on $SOL. The price created the 4th wave. If the market breaks out the 5th wave. high probability price will continue making higher prices.
Monitoring the price action if the price breaks out the triangle.
Projecting the length of the widest side of the triangle upwards for the target price. And the stop loss should below the low of the 4th wave.
Interesting to note. the price restest the 50 exponential moving average twice without violating it. The 50 EMA seems to be holding as support.
If the rise reward is favorable I am looking to go long.
The 21859 level seems possible.
For let's wait and see
#Sasol - Buy - $JSEExpectation last bullish leg before major correction. Expecting market to advance in a bullish diagonal pattern.
JSE:SOL Sasol - Month end BargainLooks like SOL is showing a repeat of last month. Based on valuation ... at today's price ... looks like a great buy.
Sasol where to ?Sasol has a recovery plan , they have assets with a combined value more that its current value. There was some confidence in this recovery plan and by end of August we would know if they will avaid or to what extend they might have to do a rights issue. this recovery plan had some bad news issued 4 days ago and was the beginning of the correction. The USA project commissioning one further month delay. They also spoke to the South African Covid risk to the operations . Any warning will dampen the spirits of recovery.
I believe there is scope to overcome this risk and therefore i am strengthening my position with a long term view. I do not believe we will test 100 level and that this reaction was purely a worry. I guess all people need to do there own assessments of Risk appetite and if you want are concerned about the covid risk to this business in South Africa then maybe you should set a stop loss at around 12500 ......and wait for August for the Company to reveal how they will handle the debt. By then you will be able to mare accurately determine if the recovery is feasible for your risk profile.
I therefore is sceptical about the view that it will drop to 10000
for now i am going to believe that the delay in project start up and the ability to handle the covid risk is still intact and therefore I use this dip as another entry point with a hold and long view. Should the global sentiment change towards Sasol ii will stop loss at 12500
this is a view beyond analysis and everybody must make their own assessment of the situation
SOL - Close above Resistance R150 triggers long ideaR150 has been a big level on SOL of late. A close above this level would trigger the long idea. With previous highs as target (R180).
Looks like Sasol might test trendlineTest of that bottom trendline will be crucial.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
