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BEE - SASOL LIMITEDBEE - SASOL LIMITEDBEE - SASOL LIMITED

BEE - SASOL LIMITED

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SOLBE1 trade ideas

Sasol going higher high. SOLHigher highs on the daily, crashing through a resistance. We are highly likely going up on this one. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
JSE:SOLLong
by Rykin_Capital
SasolStill bullish above 244, a break below this price will see decline to below 150. Oil is heading to below $50, only thing keeping this stock bullish is the decline in the ZAR. Should USD roll-over which we dont expect, USD is in correction for more upside, We are looking at 99 + on the DXY. We have very low growth forecast for 2022, Foreign direct investments into SA to decline substantially over the next business cycle, I still believe we will be hit very hard with inflation, the Eurozone will be hardest hit by all Developed countries, Sit tight 2022 is going to be one to remember. We are in the last month of the year, its time to reduce risk on your portfolio and start looking at defensive options to protects against a surge in inflation locally. China PMI numbers anf forecast is looking bleak, Australia to suffer the most, We favor XXXJPY shorts for the remainder of the year
JSE:SOL
by MiWealth
3
SASOLA pullback back to 245 will be healthy for the trend of sasol, a break below 198 open up 130 @Miwealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action. We are not sniper traders, and we trade weekly and monthly swing traders. We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm. The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels. MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions
JSE:SOLLong
by MiWealth
SASOL on the ledgeConsidering the Brent Crude OIL downward trend from June 2008, overall. We can see that there was a break in the trend recently, showing bullish signs. However there stil is the horizontal resistance at 85 level. On SOL side there is agressive bullish action, but limited to the brent crude oil price movement, if the oil price can breach the 85 resistance level then, one can confidently take the LONG position on SOL and head for target at R355 level. If the Brent crude oil resistance is not breached, then there is a possibility that the Short position will be in effect and a retracement to the R232 level can be expected. (Not trading advice, just opinion)
JSE:SOL
by John2506
2
SASOLSasol had very good earnings reported on the 15th of Aug and we seen a breakout now out of the correction, Market is still bullish and could run to R305 from here @Miwealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action. We are not sniper traders, and we trade weekly and monthly swing traders. We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm. The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels. MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions
JSE:SOLLong
by MiWealth
1