SOL volatility spikeSOL
false breakout or not goes both applies for both directions
will have to wait and see
SSL trade ideas
SOL Top Formation Reduce riskSOL on the 4th Feb i reduced my risk and took 50% of my profits
i called a short term top to SaSol it seems my timing was good
and the correction i anticipated is in progress.
i could be wrong but for now i seem to be on track.
SOL Take profit 50%SOL since first recommending SOL at R33.24
in 2020 the stock has had a stellar performance
with oil helping to set new highs i would take some profit off the table
as a market crash could wipe out 80 % of the profits made so far.
only time will tell how far this melt up in asset prices will last
before we have a correction. but i am on the fence for now with
multiple stop losses just in case the market prediction pans out.
increase your asset purchase in Gold as a hedge
SOL (D)SOL is currently on an upward trajectory supported by the Higher Oil price.
It has reached the first target at 35900 and could be heading towards the second target of 47900
If Russia invades the Ukraine( which looks increasingly inevitable) Oil price could move significantly higher which would support SOL .
SASOLsasol an incredible bounce back from the march 23 low of 2020 we might see sasol coming and going as high as its all time high
Sasol going higher high. SOLHigher highs on the daily, crashing through a resistance. We are highly likely going up on this one.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
@VIllageTraderZA Sasol back above R300 for the first since 2020The stock broke the R300 level for the first since Jan 2020.
I raised my stop loss to R274.20 securing +0.37% profit.
I will add 1% risk to the trade
SOL (D)SOL is going through a short period of consolidation.
It is still keeping above the pink trendline and looks to be moving up to the orange line which is potentially the neckline of an INVERSE HEAD AND SHOULDERS formation from July 2019.Should it breakout above the orange line it could be heading towards the black horizontal line.
SOL however needs to remain above the horizontal blue line or else a double top formation could be confirmed ( BEARISH)
SASOL - Yearly Inside Bar ideaSasol formed an inside bar / range in 2021 R300.85 - R126.19
Bullish case will be a break of the high to trade towards R489.50
Early entries and risk management can be done on the smaller Monthly/Weekly/Daily charts
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
AG Capital -Storm trading Morning Call 14 December 2021We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
SASOL (SOL) (D)Sasol is potentially working on an Inverted Head and Shoulders Formation , potential target could be the Black longterm Support/Resistance Line at R358,97
Major contributing factors will be the Oil price and the USDZAR.
SasolStill bullish above 244, a break below this price will see decline to below 150.
Oil is heading to below $50, only thing keeping this stock bullish is the decline in the ZAR.
Should USD roll-over which we dont expect, USD is in correction for more upside, We are looking at 99 + on the DXY.
We have very low growth forecast for 2022, Foreign direct investments into SA to decline substantially over the next business cycle, I still believe we will be hit very hard with inflation, the Eurozone will be hardest hit by all Developed countries, Sit tight 2022 is going to be one to remember.
We are in the last month of the year, its time to reduce risk on your portfolio and start looking at defensive options to protects against a surge in inflation locally.
China PMI numbers anf forecast is looking bleak, Australia to suffer the most, We favor XXXJPY shorts for the remainder of the year
Down move on SASOLJSE:SOL has broken out of a triangle pattern, signaling a short position. If it continues down, I think we could see a move towards the 22500 support region.
AG Capital -Storm trading Morning Call 4 NovemberWe give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
SOL bull flagAfter a solid run in September SOL is pulling back to the 50DMA in the form of a bull flag. If the flag triggers i will be looking for R290 and then R300 as possible targets.
Trade ideas are my own and not financial advice.
SOL to charge again?Hi Guys
You can see we reached a support restistance around 26700, reached at the end of April '21 as well.
With the RSI not oversold but lower than it's been in 2 months and buying activity at higher prices, I think the price will go up towards 27600 - 28000 again.
What are your thoughts?
QuestionIs it advisable to wait more for the market to drop or will it not have a big impact in the long term investment.
SASOLA potential retest of previous breakout level on the cards here; that's the 240-250 area.
If that fails next support is around the 200dma around 225.
SASOLA pullback back to 245 will be healthy for the trend of sasol, a break below 198 open up 130
@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
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)
Sasol ideaI am still very new in trading and want a guru to give feedback on my prediction for a 10-year long term investment. Taking a big shot here.
