Get started
SASOL LIMITEDSASOL LIMITEDSASOL LIMITED

SASOL LIMITED

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

SOL trade ideas

Sasol setting itself for great upside to R339.45W Formation is forming on Sasol. We are seeing the downtrend slow down in momentum, and it looks like the price wants to break up and out of the down trend. This is a bit premature for a breakout trader, but it's still good to watch and prepare for. We have other indicators that still show downside (but potentially changing trend) 200<21<7 - Bearish RSI <50 Target R339.45 Wait for breakout first then it's full steam ahead to the upside.
JSE:SOLLong
by Timonrosso
Sasol (SOL): Price Objective Still in PlayA while back Sasol was posted as a short entry, however upon meeting stop-loss criteria the trade was no longer in play. The share price has been ranging since then. The bulls will likely throw in the the towel and should let price drift towards the orange circle from where Sasol becomes an attractive entry for a long position, ideally it must find support on the upward slopping trendline. This one is a close watch & will be updated when it meets the parameters for a long position. Those who are already long must be aware & adjust stop losses not to be trigged or to add to position.
JSE:SOL
by runyamhere
2
Speculative Idea: Buy SOLSpeculative trading opportunity, with the view that we could see a reversion to the mean in the short term to medium term. We could see the share continue to consolidate in the R224 to R229 range however the following is my view on the potential opportunity. With the U.S. energy sector (XLE) being a leader overnight (+3.5%), we could see some form of buying filter through to Sasol. On Monday the share developed a pin bar candle formation, reflecting demand off the lows which is around the 22100c to 22500c range. This level coincides with: (1) the prior breakout level (Sept-2021), (2) near the lower boundary of the manually-drawn channel (3) close to 2x the mean of a 200-day linear regression channel. Note that the share is also appears extended to the downside vs it's 21/50-EMA range and 200-day simple moving average. TRADING LEVELS: Entry: 22700 Target: 24600 Stop-loss: 21350
JSE:SOLLong
by techpers
SASOL- Mind the gap!So we all know that Sasol is no longer an oil company right...? They did warn that chemical prices will cause a bit of confusion with their earnings too... Sooooo.... Oil price under pressure and some random mixed bag of chemical sales prices means that they have a bit of conundrum right...? Why don't we keep it simple and just look at the chart then shall we? gap down on an update, then oil price comes under pressure...Update says chemical prices are garbage...Um...just sell it. The stock has already broken below the 200 day moving average. It's already breaking horizontal support at R300.00. It's about to test the 50 day moving average at 290.00...Next support after that is R260.00... JUST SHORT IT! Target 260.00. YOU HEARD IT HERE FIRST!
JSE:SOLShort
by RobbyP
1
Sasol Inv Cup and Handle just made it bearish to R221.11Inv Cup and Handle formed on Sasol. The price broken below the brim level. The gap was filled when the price went back up to close and form the right handle. Then the supply side kicked back in dropping it further. We also see bearish indicators. 200 > 21> 7 - Bearish RSI<50 (Lower highs) - Bearish Target R221.11 ABOUT Sasol is a global energy and chemicals company based in South Africa. It was founded in 1950 and was originally named the South African Coal, Oil and Gas Corporation. The company is primarily focused on the production of synthetic fuels, chemicals, and gas. Sasol is one of the world's leading producers of synthetic fuels. Sasol operates in more than 30 countries around the world and employs approximately 30,000 people. The company is listed on the Johannesburg Stock Exchange and the New York Stock Exchange. Sasol is one of the largest producers of low-emission transportation fuels in the world, including synthetic diesel, jet fuel, and naphtha. In addition to its energy and chemicals operations, Sasol is involved in a number of other businesses, including mining, power generation, and technology.
JSE:SOLShort
by Timonrosso
$JSESOL - Sasol Ltd: Closing The Gap And Then Some.Sasol released a trading statement for the six months ended 31 December 2022 yesterday. The statement was indeed a mixed bag of expected results which the market did not take kindly to. The share gapped lower at the open and bottomed at 27801 zac. Whether the market over-reacted or not is not a debate I get involved in. On the positive side, the expected results have been priced in now so lets take a look where I see short-term opportunity. The 36,6% share price decline from 43860 zac to 25644 zac is characterized by a sequence of lower lows and lower highs. The rally from 25644 to 32381 just managed to make a new high relative to the last significant lower high at 32296 though this does not give me conviction that the bearish sequence has been broken. The rally from 25644 was preceded by a double-convergence which was an early indicator that a trend reversal was imminent. The MACD is still strongly above the zero-line which is a positive sign that momentum is still to the upside in the short-term. To add to the upside conviction, price bounced at the trendline which previously acted as resistance and is now providing support. From an Elliott Wave perspective, the rally from 25644 to 23281 looks impulsive and is labelled wave((a)) of a minimum three wave correction. In the short-term, I forecast that the gap will be closed and the share is likely to make a new high above 32381. Aggressive traders can use 27801 as a stop-loss level but the outlook will only be invalidated by a break below 26544. Sasol will release its 2023 interim financial results on Tuesday, 21 February 2023.
JSE:SOLLong
by Loyiso_BlaqueSoros_Mpeta
Sasol pumping to R365.50Inverse Cup and Handle has formed on Sasol. It's a rare Chart Pattern where an Inverse Head and Shoulders never formed the right shoulder This means, the momentum to upside is strong and the price does not want to retrace back. 7>21 - Bullish RSI >50 Bullish Target R365.50 GENERAL INFO Sasol (founded in 1950 in JHB) is a large South African multinational energy and chemical company which operates in more than 30 countries. It is also one of the world's largest producers of synthetic fuel from coal and its main products include liquid fuels, chemicals, and low-carbon electricity. The company is involved in the exploration, production, processing, and marketing of natural gas and oil.
JSE:SOLLong
by Timonrosso