SOL - Upward PotentialAn upward move seems likely on SASOL. This is based on the trend change from yesterday's upward move as well as the stochastic and MACD. If the high of 19 September is broken, I am confident we will see a move towards the target at the 149/150 strong resistance level.XLongby RossLarterUpdated 0
SASOL - Long TriggeredA bullish harami pattern formed on SOL on Thursday last week causing us to place an order to go long. With today's price action, the order was triggered and we have been entered into a long position. Looking to reach a target at around the 148 level.XLongby RossLarter1
UPDATE: Sasol new upside in line to R242.67 target Since the last major update where we expected Sasol to reach a low of R112.00 Now the price has broken above the downtrend, we are seeing a more optimistic view. And this is in the light that Brent Crude price is going up nicely along with a weaker US Dollar. So, I am looking for upside for SasXLongby Timonrosso0
Short on SASOLThere is potential for a short position on JSE:SOL coming up if the downward momentum continues. The stochastic and MACD crossed downwards a few days ago signaling a short position and with Friday's move, the 3 and 15 EMAs have crossed downwards as well. We are aiming for the target down at the suXShortby RossLarter0
SASOL - ShortJSE:SOL has broken through a 5 candle support line with a fractal at the top of the move. The stochastic is also confirming by crossing downwards. A short was triggered because of these factors. We are looking at a target at around the R210 level.XShortby RossLarter1