Sasol having a tough time with the 200d EMALooks like Sasol is having a tough time breaking the 200d EMA. Some interesting reversal candlestick formation. Once the Santa rally is behind us. I think Sasol could experience some more selling pressure
SOLBE1 trade ideas
Sasol Analysis Sasol currently at the tip of a formed triangle. Respecting the uptrend line and struggling to go beyond the R 140.00 resistance. As it’s currently resting on the uptrend support line at R 138, by end of Monday we should have a clear direction weather it will hold or break. There is a decent chance the trend my stay horizontal throughout the week depending on market conditions. Again at this point it would be safer waiting for a dip before jumping on.
Sasol Short TermHi guys,
Expecting some upside for SOL.
Had some unexpected downside as seen in the related idea. As far as I can see the channel in purple is holding for now.
Any constructive feedback is most welcome.
Not financial advice. Just my opinion.
SSL and OIL in generalSSL - smart money should start to become investors above the 50ema. Oil is hurting but it's not dead yet
SASOL Short TermHi guys,
I am expecting a the price to move up just before 5PM today. This is base on the trend I have been observing for this past week.
I am fairly new to TA, so any constructive feedback is most welcome.
This is not financial advice, but just my opinion.
SASOL - Inside Bar #theStrat- Sasol formed an inside bar (#1) for the week past.
- A break above R135.43 will target R146 which is the high of the "mother bar" or previous candle.
- Below R130 could signal a pullback towards the lows of the week
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Sasol Analysis Almost like nothing happened, Sasol share price continues to March upward as a new uptrend line has formed. We do see that it briefly dived back below the downtrend line only to rebound at 120 and break the down trend resistance again. And close of at R134. One thing is certain about Sasol, and that is that the dips are very profitable, I will be looking to capitalize on this on the next dip and hopefully a R 140 resistance can create this dip. For now i will stand by and watch like a predator ready to pounce.
Sasol Analysis Amazing week for Sasol as it has managed to break allmy resistance lines including the downtrend resistance lines. V - shaped recovery has proven the sub 100 prices where clearly a bargain. Despite negative publicity, shareholder troubles, lake Charles and a horrible balance sheet, Sasol has always demanded respect on the stock market time and time again and this time is no different. When will the rally end? Right now im too afraid to say.
R160 is the next stop at this point. If it can break this, it would be safe to say the downtrend has ended.
Bullish SOLVertical green line shows the aggressive market reaction that was lagging at first.
DMI Suggests no interception that would prove a sudden change in price.
Brent-crude oil price is still holding.
SOL - Break above resistance could mean upward moveA small inverted head & shoulders pattern has formed on JSE:SOL in the recent past, but it is yet to make any significant upward move because of it. It came up and tested a strong resistance level on the 10th of Nov and then retraced back down. If it comes up again and breaks through that resistance line convincingly, I will consider entering a long position.
Potential inverse cup and handleWe have a potential inverse cup and handle formation on Sasol. The might me some pressure on the share
Bullish after break from consolidation period. Share price to follow Brent crude oil price after break from consolidation
Sasol analysis Sasol has had 3 rebounds at the R120 share price and seems to be fighting back for recover. With a lake Charles purchase confirmed, this could lead to a bit more positive trading day for Sasol this coming week. The V recover looks very strong and perhaps enough trejoctory could lead us above R 120.
Sasol- New Chart Work with some changes... Update 1 Hey everyone...
We end the week with Sasol hitting R72 and R122 in one week and as of writing is at R105, We have seen a jump from R91 to R112 in less than an hour.
What a long a interesting week for the markets and Sasol...
I have just posted a revision of my one chart,
I will explain it through updates during the week. I just wanted to end the week of with as much foresight on Sasol as possible.
Please share and ask questions...
As mentioned above Detailed Explanation of the Analysis will follow, please like and share if possible and would really appreciate a follow and a comment and I promise to get back to you.
Kind Regards
Rudi Roelofse
Sasols big break still ahead ... A few more times
will add to this analysis tomorrow, I'm also looking for just some stability but for now here is some of my charts.
What I tried to show with the USOIL and USDZAR is that both of them benefits Sasol the higher they are. However the news of the vaccine shot up oil future and the markets overall. Along with the election and the Vaccine news 1) The rand strengthened to its best since Covid started, to the dollar , 2) The Oil future rose by almost 10%
So we know and saw what the effect of people being uncertain has on some stocks and how even the slightest news can ease their concerns and we see stocks rocket like we did. As always the sellers were waiting for just their moment but looking at the chart the high sell off did not last very long and the number of shares shows to more institutional traders who took profit looking at DOM while the action was happening.
Getting back to my chart of the US OIL and USDZAR, We see them diverge, normally people are more reactive on USDZAR value but it looks like others news have taken over for now. So we are sitting with a much better oil price than a while back, the USDZAR has already started moving in the other direction. If the Oil price could meet the USDZAR up higher as not only analysis but even looking over the last few days clearly shows is on its way again, then we are clear for a really new target.
For those sad of todays or yesterdays losses...Relax some of us have been on the Sasol train for ages and markets. Remember that Moderna, Regenatron and many more vaccines will be announced over the next month or two, expect another breakout to happen more than once...just be ready at any second.
I have personally set my take profit to R133 and stop loss to R79.
Will update on the full charts tomorrow or as soon as possible. Tomorrow is quite important in seeing the short term to medium term trajectory.
Rudi Roelofse
Sasol not looking so glug glugLooking sort of weak to me... bearish candles, rejection of the de mark levels, moving averages keeping it pinned down... back to support at 75?
SOL Weekly - Eyeing a Long Waiting game for now, SOL becoming oversold on weekly RSI and Stochastic - Bottom has to establish first, I'd like to see buying volume
* 7000 looks like strong support
* Wait for bullish reversal candle on support
Sasol analysisSasols big rebound went from R 71 to R105 which was an effective 47.88% profit for those who were brave enough to jump on the train and hopefully jump off in time as well. 105 seems to be a new minor resistance point as we have now seen two close occasions where the price has respected this line. Still very hard to tell where it will go in the new week and I still doubt we are seeing a reversal any time soon unless of course we hear some out of the world positive news. Chances are another big dip will produce a rebound again and possibly we can see a repeat if we hit 70 again or possibly 60. A lot of traders waiting to capitalize on another heavily discounted share price.
