SOLBE1 trade ideas
SOL LongSOL oversold technically has reached value point
time to start nibbling for the investor
signs of weakening bear pressure
JSE:SOL Sasol Effort Without ResponseThis week the volume on many stocks have increased after significant declines. We identified Sasol potentially having a selling climax (See post below). Going down to the 1h time frame we see a trading range developing with a large operator buying at R30. However, equally, there is supply matching this demand. As a result, we see effort (high volume) without response (small spread) and the expected automatic rally (AR) has not materialised. It is time to be cautious and we will have to wait and see who wins. It depends on if the amount of capital the buyer is prepared to invest is enough to overcome the supply. While there is still such large supply we can expect the price to range in the trading range formed on the 1h time frame.
JSE:SOL Sasol Selling Climax?Sasol has had a dramatic decline this week. Price has spiked below the downward stride (Oversold line) on the back of the drop in oil prices. Volume has been the highest recorded. This could be a selling climax with a reversal bar indicating the possible start of an automatic rally. The rally should be as volatile as the decline and could close the gap that was formed, taking us back to around R200. This would then define the boundaries of a trading range that should form if one follows the Wyckoff logic. This trading range should take some time to develop.
Sasol crumblesThe patterns were so clear, anyway, it’s seriously oversold, and 10 000 pips oversold under Fibonacci; one double bottom and some reassurance from Sasol and we’re balling upwards!
Good luck and follow me for more
Sasol (SOL) Relatively big volume posted in JSE late day tradingSASOL SOL ... quite a bit of volume with relatively flat price in latter end of todays trading. ... seems the price has fallen about 80% in 2020 already, most of it this week. Perhaps disproportionate drops and out of sync with global oil prices maybe? Why so soft?
Weekly game plan 8 March 2020 - SOL Current open trade. Moved target price to R130 (original target was at R160). Open to idea of moving target to R80... depends on what Oil does really.
$SOL Sasol. Bear flag break target reachedNot claiming I saw this coming, just that on a chart it makes sense now (after the fact). I'm adding for a bounce.
SASOL analysisits bad thats all i can say i tried looking for support and marked possible reversals (support) but im expecting it to test the lower end of the channel the best thing is to sit on our hands
Pullback Play!Sasol is still very much in bearish territory but i am going to take a pullback play into the yellow zone here. This has RR of about 2 but because i am going against the general trend any signs of resumption of the trend i will jump ship
$JSESOL Technical damage. Bear flag breakThis is not the type of action you want to see after a 5 monthly consolidation period. Target on this break is 17200. Sasol has been such a disappointment over the last couple of years.
$JSESOL Sasol. Channel breakSasol broke this channel and retested today. Targets on the downside is 21400 & 19200.
SOL: temporary correction pending?Daily MACD bullish crossover might just trigger a temporary correction.
JSE:SOL Sasol Things Not Looking GoodSasol is looking week. Price was unable to get back to the breakout level and after an upthrust (UT) and lower volume test price has pushed down to the previous low. Now it looks like the next markdown is about to start with some volume.
SASOL LTDLooking to be bullish with the bulls here beased on the diagonal resistance breakout which is currently giving a re-test and there is additionally the RSI Divergence to confirm this buy
SASOL LTD5 Impulsive Waves completed bearish at the August 2019 low currently, I am looking for buy opportunities to pull us back up to close the gap.
SASOL Ltd is not looking good for now. I don't trade stocks but friend of mine asked me what is my input for this stock. Clearly to me this is going down to S2 zone and then potentially to S3 i.e. ZAR8000. Not sure about fundamentals of this company or the rest of the financial analysis, and I am not planing to short it. But if consolidates around ZAR8000 this could be good entry point for long term position as he was willing to do it.
Please do your analysis before taking financial decision and use SL or Hedging.
SOL still ShortSOL This has been a significant continuation of the H&S
movement we have seen this stock move down again
after my initial H&S and the continuation of that short
the lager Long term H&S is still in play hear
lock in profits or ride this third wave
keeping a tight stop loss
SASOL - Bottom of range - Sasol has been sold off quite agressively over the last couple of days
- Stochastics are oversold and we at the bottom of range
- Looking for longs
- Oil data out today
JSE:SOL
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Flash Note: Sasol - At A Key Level (Short Term Idea)The price has retraced toward the prior breakout zone and has met up with:
- Horizontal support
- Incline Support
Some buying seen in the afternoon session, with the price on this chart being 26835c. After a few days of weakness (down from 320), it may be worth a look for a ultra short term rebound play.
Stop-Loss: below the support level ~ 26468c.
