Sasol has formed a smaller Trading Range (TR). There has been a steady decline in volume indicating absorption. Divergence on the Volume RSI points towards accumulation. Price is approaching the Yearly Pivot Point and 200MA. If it jumps across this resistance we can see a markup but if it finds resistance we this could indicate distribution.
JSE:SOL Potential inverted head and shoulders on $JSESOL. Target around 50000
JSE:SOL Pressing against 44000. If it breaks higher (or should I say when) will go for gap close around 46500 First target is 45000
JSE:SOL Had nice run over last few weeks but currently looks like it losing momentum. Indicator made hidden divergences (Indicator makes higher high, price makes lower high) Could be that Sasol is rolling over.
JSE:SOL Published results today and they are looking good. FINANCIAL PERFORMANCE - Earnings per share up 112% to R23,92 - EBITDA up 10% to R27 billion - Core headline earnings per share up 18% to R21,45 - Normalised cash fixed costs contained to below inflation target - Dividend per share* R5,90 (3,6x CHEPS) * Our dividend policy is to pay dividends with a...
JSE:SOL Trying to break from falling wedge. If it does target should be in 470/480 area but don't forget strong resistance around 425.
JSE:SOL On the verge of breaking bearish flag. Target still from earlier around 37000/37500 area
JSE:SOL Another break out and looks like $JSESOL will close the gap
JSE:SOL Another potentially good short. $JSESOL down after oil was up 8% tells you the story
JSE:SOL Breaking lower from symmetrical triangle Target still around R38000
Sasol is an international integrated chemicals and energy company that leverages technologies and expertise of over 30 000 people working in 33 countries. Sasol develops and commercialises technologies as well as build and operate world-scale facilities to produce a range of high-value product streams, including liquid fuels, chemicals and low-carbon...
JSE:SOL Broke small bearish flag. If 47000 is broken will probably go and see 38000 in next few weeks.
Starting a new post for October to track the structure of SOL (See link below for Septembers post). Last month it looked like the markup had started and trading in a strong upward channel. At the end of the month the lower support line seemed to have broken. However, there has been effort to break the trend without response (high down volume but no progress in...
JSE:SOL Bullish flag in making. Break above and will target 61000
JSE:SOL Small continuation formation made and broken on shorter term $JSESOL chart. Target 52800/53000