SOL trade ideas
SOL - Bear Flag? Maybe, Maybe NotWe may derive the following from the Daily SOL chart:
1. Price has shown a good recovery from the recent low.
2. But one has to take into account the fundamental climate as well as the technicals on the chart.
3. A technical flag is observed and may potentially pan out, returning us to the bottom.
4. Alternatively, demand may continue and the pattern may be rendered irrelevant.
5. This analysis is merely an observation. Always remember to manage to risk.
Note: The views provided herein do not constitute financial advice.
JSE:SOL Sasol Riding the BounceWe have been watching the bounce from the climax low in Sasol. After the breakout of the trading range formed following the climax (SC) low, we have had a break and back up (BU) to the trading range. This formed a spring on the BU and now we have broken the high and backed up (BU) to this range. There are some buying volume spikes on the springs and I am expecting the markup to start on the lower timeframe. On the daily, we are in the automatic rally phase after the climax low and this likely the start of a trading range but there is enough room that this bounce could give significant profits. The large (and volatile) range that is expected can give some opportunities to trade the tests of the highs and lows.
SOL LongSOL completion of first move
in C&H Trades
closure above a strong indication of 2nd move up
and continuation of C&H trade
possible gap attack and closure before resistance is found
apply caution when market volatility is this high
SOL Long ContinuationSOL weekly chart Indicating possible Resistance breakout
closure today above LTR is a bullish signal for
Further uptrend
$JSESOL Sasol Bullish looking cup and handleBullish looking cup and handle building on a lot of volatility. WAIT for a daily break of 7800 and stick to stop losses. Two targets for cup and handle are 10200 & 12800. Please exercise caution, as trading on this share is extremely volatile at the moment.
Sasol ShortReally struggled to rally the last few days, it trades super heavy. Opportunistic dip buyers over the last few weeks will be getting nervous. Oil fundamentals remain weak (regardless of Sasol's oil hedges). I think we could retest the lows around 2000c. Stop loss 8000c.
SSL target reachedBig pictrue of fundamental analysis and technical analysis. price to book value of the stock is very low. technialy looks like the stock in on low level, it looks like cup, without handle
Write sometning about your psyhology thinking before trade? voulume is extreme level maybe stock will not working any more or has some value
Describe the trade. What you see? thiere is an up trend. I will try to catch a few days of up trend
Write why you want to enter the trade in this point? macd, up trend
What have I done well for this trade? trade developed according to expectations
What can I take away to help with later trades? nothing to add
Comments during the trading? no
Was any error during trading? (yes/no) no
Coaching Talk? You need to develop more such a trades, with wining output and also trade which are not wining but are good well managed
Possible Long Movement for SasolHi Friends,
We can see an interesting chart in SSL, possible movement to 5.50 if we keep the 3$ support.
P.S. I do not hold any position in that instrument
Sasol looks set to be a buySasol has taken quite the beating but looks set to push upwards to fill the large gap it left behind as we begin to slowly look towards an end to the lockdown and the easing of restrictions it entails (in this case, travel) which means more cars on the road and an increase in demand. All this leads to sufficient fundamental and technical confluence in my opinion.
Sasol longVery neat Cup & Handle on the daily chart. Watch out for a likely break out & possible fill of the gap.
SASOL Bullish possibilitySo after oil tanks to below zero, what does this mean for major oil company sasol. well, should price go up, now wouldnt be a bad time to jump in the bullish move. confirmation of this will be when price closes above 8466 to form higher highs.
SASOL Limited | JSE - Further gains expected for SASOLSASOL Limited | JSE - Further gains expected for SASOL
SASOL possible long ideaI strongly believe that sasol is one of the best companies to invest in at the moment we must first observe how price action unfold. once price breaches back into the area of support,which at the moment is the resistance, it will be much safer for us to go long
SASOL - Still early days - Watching SASOL closely to see if this cup & handle pattern materialises
- Currently no longterm position on
JSE:SOL
SASOL symmetrical triangle: Just an idea (for fun)Hi all,
Just a silly idea... Lets see how it plays out:
A symmetrical triangle with levels 68-70 area break, could send SASOL up to 95 area. A triangle break down from 59 area, could send it down to 39, which should be a juicy level to start nibbling again, then nibble a bit more around the FIB 78.6% (36.26).
Also waiting a bit for the RSI to be oversold..
Let me know your comments... Not financial advice. Goodluck
