$SSL Sasol Bullish Targets
Potential breakout above $9.00 as stock regains
channel support.
Potential move to Mid Channel and 200ma $10.90
Indicators in reversal and Bullish.
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SOLBE1 trade ideas
Sandstorm Gold reported a 33% YoY decline in revenue in Q2 2020Sandstorm Gold reported a 33% YoY decline in revenue in Q2 2020
themarketsignal.com
Because of the pandemic the company withdrew its guidance for 2020 and as per the existing royalties, the forecasted attributable gold equivalent ounces sold will be around 125,000 b 2024.
Sasol needs to fill three gaps , so my position is longSasol has been keeping strong with its resistance lines around the low R130 mark and now needs to go long and fill the three small gaps formed all the way up to R 157 which will be a good 20% growth. just be patient as we dont know how long it will take to do this. you know the saying that 9 out of 10 gaps always get filled so we have a good chance of riding the long wave when it comes.
Please note that this is just a speculation and not financial advice, please comment on your opinion or suggestions.
Trade safe and always manage risk.
SOL ShortSasol as expected will pull back from today with Bad earnings report ?
Covid causing Bigger than anticipated losses
SOL - Long IdeaBeen tracking this trade for a while. This is an updated idea, with the trade already triggered last week after a close above R150. Target is R180 with stop loss a close below R150.
Sasol Trade Plan 17/08/2020We have seen Sasol break the R 151 mark at the most unlikeliest of times. This was of course when news of the impairment was publicized and a lot of people were expecting a massive drop. The opposite happened of course.
For Monday when results are finally announced of which we all know won’t be positive results, we can expect a massive drop to around R 132. I don’t believe the 144 would be able to hold on these results announcement. We must note though that the uptrend support line has constantly been respected by Sasol and we can attribute this support line as one of the reasons Sasol finally managed to break the R151 resistance. These two lines are converging and ultimately one line has to break. Currently sitting at R144 we can put the 151 back in play as a major resistance.
Sasol does have a tendency of pulling the rabbit out of the hat and we could also see a positive open maintaining the respect of the uptrend line. If this does happen, the R160 resistance will be target point as this has been tested twice already. Positive Sasol market could mean results are not as bad as traders are expecting them to be.
I’m generally leaning short for Monday’s trading day.
A massive dip will be a good opportunity to buy in at the dip.
Sasol Bullish LookThis looks bullish but depends on strength 14300. It's in the uptrend in a higher time frame, so I am hoping will jump in and move with it.
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Ideas in this page are speculative and not a financial market investment advice , please apply your own analysis and confirm it with price action.
Pattern Repetition in Sasol $SOL JSE:SOL
Just for interests sake, the pattern which followed the March crash seems to be repeating itself. If it completes, there would be the repeat of the X leg still to come. But would surely need a catalyst, and right now that is not the oil price, maybe that changes next week. Otherwise, the last part pattern, the harmonic could just play out and go down to around R135
SOL LongSOL H&S Pattern broken to the upside
wait for confirmation but i expect Sasol change to short term bullish
to complete the C&H pattern previously started
Bullish triangle patternJSE:SOL
Bullish triangle on $SOL. The price created the 4th wave. If the market breaks out the 5th wave. high probability price will continue making higher prices.
Monitoring the price action if the price breaks out the triangle.
Projecting the length of the widest side of the triangle upwards for the target price. And the stop loss should below the low of the 4th wave.
Interesting to note. the price restest the 50 exponential moving average twice without violating it. The 50 EMA seems to be holding as support.
If the rise reward is favorable I am looking to go long.
The 21859 level seems possible.
For let's wait and see
#Sasol - Buy - $JSEExpectation last bullish leg before major correction. Expecting market to advance in a bullish diagonal pattern.
JSE:SOL Sasol - Month end BargainLooks like SOL is showing a repeat of last month. Based on valuation ... at today's price ... looks like a great buy.
Sasol where to ?Sasol has a recovery plan , they have assets with a combined value more that its current value. There was some confidence in this recovery plan and by end of August we would know if they will avaid or to what extend they might have to do a rights issue. this recovery plan had some bad news issued 4 days ago and was the beginning of the correction. The USA project commissioning one further month delay. They also spoke to the South African Covid risk to the operations . Any warning will dampen the spirits of recovery.
I believe there is scope to overcome this risk and therefore i am strengthening my position with a long term view. I do not believe we will test 100 level and that this reaction was purely a worry. I guess all people need to do there own assessments of Risk appetite and if you want are concerned about the covid risk to this business in South Africa then maybe you should set a stop loss at around 12500 ......and wait for August for the Company to reveal how they will handle the debt. By then you will be able to mare accurately determine if the recovery is feasible for your risk profile.
I therefore is sceptical about the view that it will drop to 10000
for now i am going to believe that the delay in project start up and the ability to handle the covid risk is still intact and therefore I use this dip as another entry point with a hold and long view. Should the global sentiment change towards Sasol ii will stop loss at 12500
this is a view beyond analysis and everybody must make their own assessment of the situation
SOL - Close above Resistance R150 triggers long ideaR150 has been a big level on SOL of late. A close above this level would trigger the long idea. With previous highs as target (R180).
Looks like Sasol might test trendlineTest of that bottom trendline will be crucial.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
SOL - Ready for Blast-offStoch uptrend
RSI broken out (long growth term ahead)
Bollingers tight
MACD Crossing!!!!
Volume shows open skies from about the 15100!!!
This is just my opinion not trading advise....im new
Sasol Trading Plan - 19/07/2020Interesting trading week Sasol had last week. it finally managed to break the down trend as well as the R 144 resistance and finished comfortably at R 149 approaching the infamous R 151 resistance. For those that have been following my Sasol analysis would know this has always been the struggle point Sasol cant seem to get passed. having been tested countless time its safe to assume the pattern might follow and we could see a drop. If we have a mildly positive market we can expect it to rest at the R 144 support line and if we have a negative we can expect to break beyond this point. If we do have a positive market however we can expect it to peep beyond the resistance and perhaps then see a drop from there.
Its safe to assume this positive rally was due to the news of a deal being made on the sale of one of Sasols assets. With its performance this past month its hard to see Sasol drop below R 120.
