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SOLBE1
Ideas

BEE - SASOL LIMITED

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SOLBE1 trade ideas

SOL: some swing upside potential?A bullish trend seems applicable. Ideal long entry around 27200. Increase exposure around 29400. Target at 328000 (just below its 200-day simple moving average) Stop-loss at 26100. A complex Elliott wave pattern is busy developing (see the red A B C D and E as well as the blue W X Y). Time exit: +/- 17 March 2023 Technical rating: medium

Long

by Peet_Serfontein

Pushing against downward Channel Seems like Sasol is wanting to break out of its downward channel, been a hard call considering international factors. Could be set for step up. Do you think it has the legs to do it?

Long

by TradingMzansi

Sasol 52 week low JSE:SOL has printed a new 52 week low. R248-ish is still possible if the stock continue to weaken. No position.

by Trend_Trader_JSE

SASOL Sasol still looks like a short to me with a 230 price target written all over it. *Attached is the original idea.

Short

by Innocentmaponde

SASOL - Swing trade (BUY)It seems that SASOL is ripe for a turn higher. Today (Dec 6th) price turned in a BUY zone between R267 - R273. As long as price remains above R265 the trade remains valid for a retest of R330 as T1 (15-18% profit) Target 2 longer term is R370 (30% profit) TRADE STRATEGY Aggressive entry - Buy the open price of SOL on Dec 7th or around R280 Conservative entry - wait for retest of price below R275 STOP LOSS - below R265 (5-6%) BRENT CRUDE OIL Possible turn today @ $80 for run higher which also bodes well for the Sasol analysis

Long

by Lifesong

Sasol A wise man said "remember who drew the lines". Based on these lines, JSE:SOL doesn't seem to be in good shape. I hope it's just badly drawn lines.

by Trend_Trader_JSE

Sasol is continuing to tank further to R225.43 Bear Rectangle is forming on Sasol as it previous did a few months ago. There are bearish signals as the downtrend is continuing. The 200 > 21 >7 MA which once the price breaks below R277.95 we will have our next target at R225.43. This confirms with the ongoing drop in oil price...

Short

by Timonrosso

Sasol closes the gap Sasol initially managed to find some support around R280.85 - then a strong day on Friday saw Sasol close the gap higher up and simultaneously break it downtrend. It now faces resistance at its 50DMA (R311.18) but should it rally from here and close above R320 or so, we could see Sasol run up further to its 200DMA (R350). Stop loss on a close below R280.

Long

by Trad3r_16

Sasol, a bit of resistance JSE:SOL is now trading on a declining 200MA, the stock met resistance at the 200MA. TVC:UKOIL , if JSE:SOL has any relationship with it, is also trading below a declining 50MA. Negative setup.

by Trend_Trader_JSE

Sasol (SOL): Bearish Trend Continuation Sasol price has gone below the price of 30 September signaling that more downside is coming restricted by the upper green trendline. Ideally price should reach the orange circle before where shorts can be closed and go long. Price closing the week above the resistance green trendline will be the stop loss.

Short

by runyamhere

SASOL Sasol may see price moving lower to pre COVID19 levels R160 may be on the cards

Long

by Sbo_Dhlamini

SASOL - Big move down - This trade is in play at the moment and the move yesterday adds conviction to the plan. Any pull backs towards R310 will give opportunity to add to or open a position. Original link below

Short

by Trader-Dan

Sasol tanking to R212 Inv C&H formed a while ago. We went short when the Rectangle Pattern broke down and banked a profit. But now that the price is staying in the downchannel, tells us there is more downside to come. EXTRAS: Price < 200MA Bear channel Target 2 - R212.25

Short

by Timonrosso

SOL bears in full control Sasol bulls have struggled to get the price sustained above the R320.00 ( which is also the 1 year moving average) level in the last 2 weeks, today -10% drop is the result of their exhaustion. Bears are still in full control and eyeing the R250 level as a next possible support zone.

by T2TWELL

Sasol resistance JSE:SOL struggled to move past the 50 MA, the stock in now back at the recent rally point. If JSE:SOL break below R280, R250 could be the next potential support level.

by Trend_Trader_JSE

SASOL LIMITED (SOL)The 50 day moving average crossing below the 200 day moving average, otherwise known as a "death cross". A bearish head and shoulder formation, if it finds resistance at the neckline (previous support) we could see the stock fall to 220.

Short

by MarketMeistersTrading

Sasol, short?TVC:UKOIL is still on the downtrend, and JSE:SOL seem to be following it. At the moment I wouldn't be surprised if JSE:SOL test R245/share.

by Trend_Trader_JSE

SASOL limited bearish view The energy and chemical company SASOL limited has printed out a very observable pattern of a head and shoulders type formation on the monthly candles and good support turning into resistance and confirmed with nice bearish momentum following a rejection on the 1.618 fib level. the stock is going to have a bearish moment long term according to the price action that it has displayed. furthermore the countertrend line break will act as more confirmation of the drop to less than 2125 Zac. #John Kalumba.

Short

by TRIPPYHUSSLE

SASOL - Short Idea Following up on the previous observation, it was important for bulls to defend the R322 level and this has since broken. I will be looking for opportunities to short while price remains below the 50 day moving average which has since formed a "death cross" Stoploss = Daily close above R335 Target will be the next swing lows around R230 and then measured move of the head &shoulders pattern . -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Short

by Trader-Dan

Sasol, weak JSE:SOL has been trading below a key MA since early July, it showed characteristics of a Stage 3 setup. A selloff was seen on the ex divi date, and some market participants were comfortable to assume that the selloff was due to ex divi, fair enough. The dividend has been paid now, JSE:SOL is now below a minor support level, it it continues with the downward movement, it may test R290/share

Short

by Trend_Trader_JSE

SASOL SELL Box Formation 13 September Sasol broke below the Rectangle (Bearish) formation... It looks like there is a lot of downside to come for the stock as well as oil... The next support is based on the last years 12 September 2021 level at R245.00 That's where Sasol has a good chance of reaching. Thoughts?

Short

by Timonrosso

SASOL Purely based on what the technicals in this chart are 'saying' to me, this is a 'short' for a short-medium term move to 230!

Short

by Innocentmaponde

SOL Tactical/Price Action Model. Zooming In: "Lacks directional bias. Look for break of range to trigger directional move + Downward trending moving averages to act as resistance + Price nearing 50-61.8% Fib retracement."

by techpers

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