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Sasol Ltd.

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SSL trade ideas

Sasol Trading Plan - 19/07/2020Interesting trading week Sasol had last week. it finally managed to break the down trend as well as the R 144 resistance and finished comfortably at R 149 approaching the infamous R 151 resistance. For those that have been following my Sasol analysis would know this has always been the struggle point Sasol cant seem to get passed. having been tested countless time its safe to assume the pattern might follow and we could see a drop. If we have a mildly positive market we can expect it to rest at the R 144 support line and if we have a negative we can expect to break beyond this point. If we do have a positive market however we can expect it to peep beyond the resistance and perhaps then see a drop from there. Its safe to assume this positive rally was due to the news of a deal being made on the sale of one of Sasols assets. With its performance this past month its hard to see Sasol drop below R 120.
JSE:SOLShort
by AfroTez
8
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%.
NYSE:SSLShort
by tickeron
1
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
JSE:SOL
by AfroTez
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
JSE:SOL
by AfroTez