$JSESOL Sasol From fake moves......comes fast moves. Set-ups like this are usually conducive for position squeeze situations. My money is still on the long side.
SOL trade ideas
SOL Short SOL still range bound
has reached bottom of TR does it have the momentum
and support to break below
will have to monitor this week as gold is showing signs of movement
Sasol - Actionable AreasEquities | SOL Sasol | For the moment I see SOL as a name in consolidation mode, with tactically actionable levels. Use 27200c as a soft landing in an upward trend i.e the higher lows. You'll also noticed that the 50-day moving average is starting to act as a support zone while starting to turn up.
$JSESOL Solid performance by Sasol todayBuyers getting in on any weakness. Very good sign on the Sasol side. 315 is coming. Bull flag break on the hourly chart gives us a better view on how our target will be reached.
$JSE-SOLJSE:SOL
Looks like starting to roll over on hourly.
Still stuck in symmetrical triangle on daily
$JSESOL - Rounding bottom.Sasol looking relatively cheap at these levels IMO. Currently forming a bullish rounding bottom. Must break neckline however.
$JSESOL Sasol Testing breakout levelsAfter a terrific run by Sasol based on positive news, Sasol has pulled back to test a downtrend breakout level. If this level hold, 315 could become a target.
$JSESOL Sasol Testing supportCould en up being a buy level if support holds. Stop loss on daily close below 26670. Target 28500. Good risk reward.
Major Trend Reversal???If we close Monday above 28328 we take the trade long!...We could be potentially witnessing a major trend reversal. We had a consistent downtrend since end of May, a low made on 16 August then a break of a major trendline, both tenkan and kijun violated in the process to reach a higher high of 31532 on 17 September. Then from there as if straight from an Al Brooks book,we tested the low again, then now on our way up. So we could be headed to that prior high and if bulls remain strong go to where the downtrend started at 36033 area.
Entry: any close (daily candle) above 28328 (2 small positions)
SL: 26536
TP 1:31538
TP 2:36033
$JSESOL WEEKLYSasol WEEKLY needs to break R291.50 and close above it to then target the next overhead RESISTANCE at around R323.30 The RSI is looking good for a further move to the upside.
$JSESOL Sasol Still on par to go higher.So far so good. A little more upside expected. Hope not to get bitch slapped with results expected on 28 October.
$JSESOL Sasol. Very nice head and shoulders break on hourlyTarget for this break is 28950. Stop loss daily close below 27000.
$JSESOL - Early look @ hrly H&S$JSESOL - Continuation on today's 5% pop (Intra-day) will invalidate the H&S pattern forming
$JSESOLSASOL is now back into its shortterm WEEKLY range after a break above resistance but a failure to hold, it may now retrace to around R260 its next SUPPORT level
Sasol - potential breakup coming today on Daily chartA break and close above R289.00 on Sasol opens up target to the R325.00 area.
Risk/reward : 1.5
SOL Long Trade or short term BounceSOL Bounced off Long term resistance / Support on Tuesday
Has Since seen some support
Breakout or bounce today will confirm trend
I will wait for confirmation
Remember to manage your risk
JSE:SOL | Will price find support at 31400?Maybe. But I won't be buying it.
I think its highly likely that price will bounce off these levels. But catching falling knives isn't my idea of trading, so instead I'll be waiting.
If price does bounce, I think a move back to 35700 is possible. And its at this level that I'm keen on the short.
Alternatively, if price starts closing below 31000 on a weekly time frame, all bets are off and we look to 27500 for support.
