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BEE - SASOL LIMITEDBEE - SASOL LIMITEDBEE - SASOL LIMITED

BEE - SASOL LIMITED

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SOLBE1 trade ideas

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
Sasol - uptrend Sasol is starting to look attractive. There is potential for a 50% upside return within the next 12 months. All risks aside - Sasol is looking strong and in an uptrend. Price target is R320 by next year June/July Sasol must stay above R160 and within the yellow uptrend to confirm this uptrend continuation. Pullbacks can be used as entry points to accumulate. Disclaimer: This shouldn't be misconstrued as investment advice, always seek with a professional financial adviser before making any investment decisions.
JSE:SOLLong
by TalkingCents
Short Term Trade Setup: Sasol Earnings on 16/08 so traders will need to be out before then. Buy/Long Technical Drivers: - Pennant formation, price emerging from this pattern. - Re-taking the 8 x 21 EMA - 7-day RSI at 56 and pointing higher - Holding the pivot Target is the upper boundary of the 21-day (monthly) and 63-day (quarterly) LRC. Current: 22184c Buy here (22184c), or better Stop: 21610c Target: 22900c As noted previously, my main medium term preferred accumulation level is sub-R195...not sure if we get there. Let's see.
JSE:SOLLong
by LD_Perspectives
1