I am relatively new and this is my first chart I publish. Please let me know what you think?
Yikes. Super excited to see Sasol behaving exactly as expected. Oil price steadily rising. Economy steadily opening, demand for fuel increasing. All is looking well so far. Totally on track to reach 120 this week. Fingers crossed
@JPHEYNS, All gaps must be filled at some point - I agree. And with sasol it seems like the fill is coming by year end in my view. So look for stocks at around 200 by December if the emotional traders out there dont over sell the bad news again.
@Pietie3000, Hi dude. Not that I am trying to give financial advice, but yes. I personally will not be selling at 120. I think it will consolidate sideways at around 105 to 110 for the next 2 weeks or so, and then start another breakthrough. This is all assuming that nothing substantial changes with regards to the global oil demand, the OPEC plans to reduce oil supply and stabilize oil prices, and our economy continuing to open up systematically. Any bad news regarding these factors may very likely result in a significant drawback again.
@ImperiousAJ, HI bro, thanks vir jou insette op die post :) Volgens my calculations into die inherent value van Sasol shares, met die aanname dat hulle vorentoe die dividendes en groei kan lewer teen die spoed wat hulle dit sedert 1996 gedoen het, is die stock minstens R 475 werd. As mens aanneem dat hulle nie verder gaan groei en dividends kan betaal vir die volgende 5 jaar nie is die intrinsic value R 147. Dalk is my assumptions verkeerd maar dis my calculations.