I entered the trade as shown on graph. From technical analysis we can see the neck and shoulders pattern directly before the price shot up. Using some graph theory maths I came to the following trendlines to fit data. Trendline 1 and 2 is both active lines over the medium term and looking at where they meet up, it looks like we hit that pivot point today but lets...
This chart I quickly drew for myself a while back. Any more information or explanation please just leave comment. With the US Vaccination numbers compared to other countries I would definitlly trust the US companies the most while other countries still struggles with getting Covid undercontrol. We all saw what the market does when lockdowns are announced so for me...
By the time I have explained my chart and the analysis the opportunity will be gone so I will rather come back and leave it for you guys to analyze from the little bit on the chart for now :)
Hey everyone... We end the week with Sasol hitting R72 and R122 in one week and as of writing is at R105, We have seen a jump from R91 to R112 in less than an hour. What a long a interesting week for the markets and Sasol... I have just posted a revision of my one chart, I will explain it through updates during the week. I just wanted to end the week of with as...
will add to this analysis tomorrow, I'm also looking for just some stability but for now here is some of my charts. What I tried to show with the USOIL and USDZAR is that both of them benefits Sasol the higher they are. However the news of the vaccine shot up oil future and the markets overall. Along with the election and the Vaccine news 1) The rand...
This is my first analysis I published on TradingView. I have bought Sasol at multiple levels over the last few months. I entered at R60 and bought a bit more to the top and sold out at 155 keeping the houses money invested. As many have seen and spoken about Sasol fell from a peak in covid of R180 and Showed resistance and support at R150 , Lost Support and...