AfroTez

AfroTez

As a share holder of this stock, i have become numb. And thats a good thing because now I can hold indefinitely. Recovery of City Lodge could have really good returns. For now it seems fluctuations are slowly dying down. At this point we hope for some good news that could send the share price rocketing. The hospitality industry doesn’t seems to have reacted very...

AfroTez

Capitec continues to show good prospects for future investment growth. First support line now sits at R 1040 and the share price seems to sit comfortably above that and currently attempting to break R 1100 resistance. Im expecting a bit more fluctuations before we eventually break through and maybe we may even break through the support line before exceeding the...

AfroTez

I dont often miss the train but when i do, I regretfully sit and wait for the next one. Here we have shopright which i have been eyeing since beginning of July, my only reason for not catching this train was alarming results from my fundamental analysis which raised so many questions especially when compared with its competitors (except Woolworths). From R 100 a...

AfroTez

Sasol is currently in a downtrend and looking more likely to go below R120 support line. It does seem it has stabilized but chances are the slump will continue. There is an overall downtrend as well when we look at Sasols day chart which started since 2018. By 11 November we should know for sure if the overall down trend will continue as by this time the share...

AfroTez

We have seen Sasol break the R 151 mark at the most unlikeliest of times. This was of course when news of the impairment was publicized and a lot of people were expecting a massive drop. The opposite happened of course. For Monday when results are finally announced of which we all know won’t be positive results, we can expect a massive drop to around R 132. I...

AfroTez

Interesting 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...

AfroTez

Sasol successfully rebounds just under 144 as per previous analysis. This also confirms the downtrend line resistance tested for the 4th time now(Marked on the red zones). If we break it at open we will be approaching R151 again but it will take a lot to get. Opening at a negative we have a minor support line at R 136 and if we have a fair day on the JSE there’s a...

AfroTez

Telkom has reached a resistance at R 37 which is the final hold before heading over to R 40. Still waiting for a dip which is very possible as marked on the green zones but will accept a positive rise. Still have no idea what is causing this rally. If u do know don’t hesitate to late me know.

AfroTez

Sasol 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....

AfroTez

We 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...

AfroTez

Sasols triangle was broken yesterday at open and thus making the incline support line irrelevant at this point. The decline resistance still stays as we are noticing a pattern of lower highs and thus we can expect the next high to rebound on this resistance. That could happen either today or Monday. If we open at a negative we can expect a tussle at the R 132...

AfroTez

At this point we have noticed a triangle starting to form where the fluctuations are getting less and less. Opening at a positive will keep this triangle formation going and we can expect a rebound at just below R148. At the current position though it does look like it has broken through the uptrend support line but we will only get confirmation at open if it does...

AfroTez

We had a very good day on Friday attempting to break R 151 again but once again failing to do so and finishing off the day at R 146.00 which is around 2% up from open. Today we are hoping for another positive open to test R 151 again and we can honestly expect another rebound, it sort of feels like chasing the end of the rainbow at this point where breaking...

AfroTez

Mild day today for the Sasol share price. As per previous analysis we opened to immediately test R 151 which we are struggling to break through and unfortunately today we are held back again. We had steady drops through out the day and a bit of positive news gave us a little jump towards the end to help us finish at R 142.85 which is 0.5% below opening price. Plan...

AfroTez

Aspen looking very promising. Before the great news published today Aspen has had very good steady recovery over the months making this a good stock to hold long term. It’s currently met resistance at R 155 but off the foot of the coved breakthrough there’s a good chance we will have another very positive open tomorrow. If we open at a negative we can expect a...

AfroTez

EOH still showering similar patterns in the horizontal trend. Very strong opens and retracing during the day. It’s fair to expect another strong open in either direction. If we get a positive open, will implement a partial exit in the R 6,60 - R 6,70 zone anticipating further drop to around R 6,40 or less. This will reduce our risk exposure and give us an...

AfroTez

A very disappointing close of the Sasol share price today especially because it held strong throughout the day. Unfortunately when US markets opened we started seeing a slump in the share price. It this point it’s fair to expect a further drop in share price to close this mornings gap, giving us a partial buy in opportunity at R 140 where we can expect a rebound....

AfroTez

Markets opened more positive than I was expecting, shot straight to test 151 resistance. I honestly didn’t think this resistance would hold that strong but it has. Price has stabilized and we looking to close at 150 as the share continues the horizontal pattern. At this point the next partial buy in is at R144 but expecting a minor rebound at 147 as well. If we...