SOLBE1 trade ideas
SOL - MACD about to crossRSI - broken out
Stock - uptrend
Bollinger - very tight
MACD - on the verge!
SOL getting closer...MACD about to cross!RSI broke out
Stoch uptrend
MACD about to cross
Next is the open skies above 14880!
ISHS on Sasol?Seems like Sasol has been forming a very distinct Inverse Shoulder Head Shoulder pattern over the last few weeks. Seems like the neck line has been concretely broken now. Waiting for confirmation. Technical break out target is around R 167. For a more conservative prediction I would place resistance at the top end of the ascending channel first, i.e. at R 165.
SOL - bug move is hereSet up for the big move complete
1. tight Bollinger bands
2. RSI breakout
3. Stoch uptrend.
4. lets see how tomorrow goes.
SOL TTBSOL Time To Buy
Sasol decreasing exposure to OIL driving share prices
C&H completed we should see some bullish movements
in the near future still some resistance to overcome
time waits for no man?
SSL a quarterly gainer, rising +107.99%. Expect Uptrend reversalSasol Ltd - ADR (SSL, $8.07) was one of top quarterly gainers, jumping +107.99% to $8.07 per share. Tickeron A.I.dvisor analyzed 53 stocks in the Chemicals: Specialty Industry over the last three months, and discovered that 47 of them (88.1%) charted an Uptrend while 6 of them (11.9%) trended down. Tickeron A.I.dvisor found 83 similar cases when SSL's price went up 15% within three months. In 68 out of those 83 cases, SSL's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for SSL are 82%.
SSL in Downtrend: RSI indicator exits overbought zone
SSL's price could be shifting from an uptrend to a downtrend. Traders may consider selling the ticker or exploring put options.Tickeron AI shows that
in 22 of 30 cases where SSL's RSI Indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 73%.
Sasol Trade Plan 07/07/2020Sasol successfully rebounds just under 144 as per previous analysis. This also confirms the downtrend line resistance tested for the 4th time now(Marked on the red zones). If we break it at open we will be approaching R151 again but it will take a lot to get. Opening at a negative we have a minor support line at R 136 and if we have a fair day on the JSE there’s a good chance this will hold.
Sasol Trading Plan - 06/07/2020Sasol looked more tame toward s the end of the week as markets started to look a lot more positive. We haven’t seen another test of R 125 but are still ready for when it does come up. We have a partial buy in at R 125 and a second partial buy in at R120 should we have another negative dip. I won’t be buying in at R130 as this support lines strength is in question. A positive open may see us hit R144 again or just below that as we notice a down trend line which may confirm the general downtrend is continuing if it is not broken soon. This will be Avery interesting week for Sasol as it seems it has finally reached stability in R 120.
Good luck
SOL duplicate trade possibility brewingSOL the same signal brewing showing a pull back possibility
will have to wait and see
SOL 3 reasonsSOL i have given you 3 chart bullish patterns
that indicate progressive up trend yet the stock
consolidates Sasol is oversold yet the market
goes nowhere the selling off of assets might be the next
trigger so be patient.
SASOL - Nothing "Bullish" about this chartSasol still got a way to find a supportive trendline
Also a move higher on oil prices from here is very unlikely with current global events
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:SOL
Sasol Trade Plan 01/07/2020We are beginning to notice a gradual down trend on Sasol as we are seeing higher lows. We need a positive day soon to break the short term trend. R 130 support managed to hold off the share price yesterday but if we have another negative day today it’s fair to expect we will break this today and March for R 125 once more. This will be a good partial buy in I will partake in but I will be conservative, another really good partial buy in will also be at 120. I’m sure a lot of buyers are eying this entry point aswell. Chances of us hitting 100 are mild at this point but today’s performance will give us more clarity on that possibility. Opening at a posit Will put us at R135 resistance test. We managed to cross this two days ago with no sweat but we were promptly brought back under it yesterday. Overall expecting negative outlook today and ready to buy at those dips mentioned. Best of luck
Sasol Trade plan 26/06/2020Sasols triangle was broken yesterday at open and thus making the incline support line irrelevant at this point. The decline resistance still stays as we are noticing a pattern of lower highs and thus we can expect the next high to rebound on this resistance. That could happen either today or Monday.
If we open at a negative we can expect a tussle at the R 132 price point as this has been tested 3 times already. I’m personally not expecting it to hold so we can also expect a rebound at R 130. The R 130 support has been strong in this horizontal trend so a partial buy in is possible here, I would wait for a strong candle stick or second candle stick to confirm rebound before buying in.
Personally though I’m not expanding on the Sasol portfolio, most stocks are down and would rather expand on something more secure.
Review of Sasol direction going forwardAfter taking into consideration the price action for the week I have reviewed the trend analysis for the short term. Using built-in triangle pattern we see that the pattern actually extends longer than previously expected. Also, symmetrical triangles break either up or down usually between 70 to 73% of the way to the apex. I have marked these crucial points on the chart. I am personally leaning more towards a break out to the upside to retest 180 level than a break out to the downside to retest the 120 level for support. The longer time-frames are still very much skewed to the upside and short-term drawbacks I believe will be short-lived and more emotion-buying than anything else.
Do not take my word for any decision-making,please do your own research and analysis and come to your own conclusions.
Sasol Trade plan - 25/06/2020At this point we have noticed a triangle starting to form where the fluctuations are getting less and less. Opening at a positive will keep this triangle formation going and we can expect a rebound at just below R148. At the current position though it does look like it has broken through the uptrend support line but we will only get confirmation at open if it does continue its downslope. Overall still a horizontal trend, making it harder to profit from fluctuations but good thing is we will get a more clear direction after midday today. Still in neutral standing although R135 still seems like a good potential buy, I would personally wait for a successful rebound before taking this opportunity.
