SOL - Bull flag in the makingLong idea triggers with a close above R195. First target at R200 and full target at R210. Stop loss close below R188
SOLBE1 trade ideas
Buying SASOL at dip.SASOL currently trading below R200. We observed a retest at daily support (R185 - R190). If support is breached we could have a potential strong buy around R174 area.
Huge Gap in this chart. Do we play it? Given the bearish nature of the market as of late do we get puts expecting this gap to be filled? I say yes yes we do lol
SOL: heading lower?A BEARISH bias is applicable below 19402.
Trade setup probability: -70%. Target: 18438. Stop-loss: 20031.
Downside price momentum supports the bearish trend direction. RSI is at 53, leaving room for further downside price potential.
Volume is also supporting the bearish bias.
Remains a risky trade!
Sasol sellSasol will drop to the 12000 mark or turn on the 13999 mark but its selling from current price
Sasol Long Term Cyclical PredictionThis Chart is for Academic purposes --
- Looking at the length of the previous Bull Markets off the lows
- Looking at current Market Sentiment, lots of new traders entering the market through platforms such as Easy Equities etc.
- Emerging market expectations in general after looking at US and Europe Stocks
SOL Long ContinuationSOL My recommendation to go long
after successful reversed Head and Shoulders
and then to add again after C&H has panned out
i see more upside for Sasol i am sitting on a 19 Deg growth angle
will have to wait and see how far Sasol can Recover
SOL - 1D - PROBABLY NOT FAR .Stochastics overbought. Oil price and dollar not working in their favour, will wait for a pullback before entering a position
SOL LongSOL still climbing up in the channel doing great so far
i expect with all the precious metals boom that more chemicals will be needed
which is great for Sasol
Taking a look at SasolThe upward channel is doing very well!
I notice it's at the previous high after the big sell-off.
Indicators looking good, let's hope it can go higher!
Sasol Analysis Sasol seems to be readying itself to cross that R180, 185 resistance line and it will all depend on the next earnings report due 1st of March. Sasol is forecasting earnings per share to soar, and oil prices seem due to break out again as they have been very tame lately. The uptrend (short term) continues until then and i have adjusted the uptrend support line to accommodate the trajectory. The next dip will be something worth buying into.
Sasol Analysis Sasol has spent a decent while staying above the 165 support line but again failed to break the infamous 178 resistance. Towards the end of the week it has broken through both uptrend support and the 165 support which could indicate a change in trend. Price movement will have to be closely watched in the coming week as this could also just be a minor fluctuation.
Bullish Weekly Chart: Flat Top TriangleSasol has entered into 2021 with a breach of a major diagonal trendline along with showing signs of bullish PA around the accumulation zone @ ~140. The current setup resembles that of a flat top triangle that could give us a target closer to the Yearly R1 Pivot @ 300 if it can manage to take out the yearly high @ 175. Following a breakout, there will be resistance @ 215 from previous major resistance as well as a likely meet-up with the weekly 100 SMA. Also since the price is currently trading on the Yearly Pivot there is a chance for some consolidation in the area between 160 and 215
NNDM Direct Offering 35mil shaers at 9.5$NNDM is going down today. and probably for the next couple of days.
That is becuase of a direct share sale agreement they entered in to.
markets.businessinsider.com
Short SASOLIf Sasol breaks R165 - we could see a retest of R145. Oil seems to be a bit overdone in the ST.
Sasol Analysis This is the first time Sasol has been high since the June rally. Overall this past week as been extremely positive and not surprising(or maybe it is) Sasol was one of the biggest winners. Oil has made a good rise and finally sitting above $50 and no doubt this possibly has had a positive effect on the Sasol share price. That and perhaps more asset sales to reduce debts. Current support is R 165 and the resistance investors would be wanting to beat is R 180(or R178 to be more accurate). Sasol did temporarily break uptrend support and the recent rally has put it back well above the line. Another positive week on both the stock market and energy prices will give Sasol a great chance to cross that infamous resistance.
However, Sasol does tend to produce surprises on both side. There is little chance the R 165 will hold should we have a negative week. Note Sasol doesn’t maintain peaks very well.
