rudiroelofse

Sasol- New Chart Work with some changes... Update 1

Long
JSE:SOL   SASOL LIMITED
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 much foresight on Sasol as possible.
Please share and ask questions...
As mentioned above Detailed Explanation of the Analysis will follow, please like and share if possible and would really appreciate a follow and a comment and I promise to get back to you.

Kind Regards
Rudi Roelofse
Comment: This is a reply to a comment below by diet1900 which I thought I would add here :
"It is a pleasure and that is why I keep updating my analysis. For those who want to sit back maybe rather buy something else or be willing to really wait for your investment to pay off.
However most of Sasol's internal problems are out on the table now and people have seen Sasol acting and hearing from them how they will act moving forward. Not everyone agrees with Sasol's 50% sale of Lake Charl's and how they are going about it, however I must still commend the management team. As a retail trader who is looking at trades anything from hours to +_6 months in advance, right now the income lost from the sale of Lake Charls in the future was never there before to start with so they basically went from having nothing that works to owning 50%% now of a really valuable division especially during Covid and the sanitizer chemicals they provide. So that is a plus, secondly the upcoming rights issue in 2021...How many people really think they will still hold their money in this stock at the time... I will surely start selling off if I see that the rights issue will affect my holdings. But in a 1 to 6 Months non of those should matter... Unless you are buying for future dividends get out at a sensible level, this stock being so volatile you could make a years living in one day with Sasol trading it.

With
Pfizer - Already
Moderna - Results Coming
AstraZeneca - Results Coming
Inovio - Results Coming
Sanofi - Results Coming
CanSino Biologics - Results Coming
Johnson & Johnson - Results Coming
Sanofi / GSK / TranslateBio. Drugmaker Sanofi is pursuing two vaccines. - Results Coming
Novavax - Results Coming
University of Queensland in Australia / CSL - Results Coming
and 5 more places I could quickly find have vaccines that looks promising and that will rocket confidence in a recovery again as seen with Pizer.. however I do believe the more candidates gets approved the more Sasol will hold its gains and finally break back into the R120 Support

Therapeutics -
Regenaron - Result Coming
Remdisviir - Already Approved
Dexamethasone - In use
and more out there already announced and still to come so don't give up, If you entered low enough you will make money, If you entered high you might need to wait but you will break even, Sasol has not hit one price point on its rally up that it won't see again in the future so keep patients. The last time I predicted a break to R150 it did, however still to my surprise peaked at R186.. Not going to lie it hurt getting out at R155 and then seeing it hit R186 and not selling the rest there... but I have climbed back into Sasol with around 500 times the capital I did in the start at R60, so you can believe my confidence and relentless pursuit for the right analysis and forecast.

Aspen APN is another stock to watch right now. Watching the trend and plotting the data of the last 7 months there seems to be strong correlation with Sasol...Not sure why,

and they seem to rocket even on the news on other pharma firms."
RRoelofse

Comments

Sasol busy breaking out it looks like guys. Oils price is also high and rand strong against the dollar so this time we actually have the fundamentals to support the price.
Reply
Hi Rudi do perhaps have any comments or annalysis on Sasol's current situation?
Reply
@QBrummer, Hey, working on one now just analysing the information from their AGM Report and SENS.
Looking at Sasol now and the momentum it might just break the resistance channel.
Expect to see some contraction during the day for short intervals, however I can say so long our next target is R120 or 120000 zac
Reply
Thanks Rudi - give me some confidence in this investment. very volatile share but I think in a few months the storm will settle at a sensible value.
Reply
rudiroelofse diets1900
@diets1900, It is a pleasure and that is why I keep updating my analysis. For those who want to sit back maybe rather buy something else or be willing to really wait for your investment to pay off.
However most of Sasol's internal problems are out on the table now and people have seen Sasol acting and hearing from them how they will act moving forward. Not everyone agrees with Sasol's 50% sale of Lake Charl's and how they are going about it, however I must still commend the management team. As a retail trader who is looking at trades anything from hours to +_6 months in advance, right now the income lost from the sale of Lake Charls in the future was never there before to start with so they basically went from having nothing that works to owning 50%% now of a really valuable division especially during Covid and the sanitizer chemicals they provide. So that is a plus, secondly the upcoming rights issue in 2021...How many people really think they will still hold their money in this stock at the time... I will surely start selling off if I see that the rights issue will affect my holdings. But in a 1 to 6 Months non of those should matter... Unless you are buying for future dividends get out at a sensible level, this stock being so volatile you could make a years living in one day with Sasol trading it.

With
Pfizer - Already
Moderna - Results Coming
AstraZeneca - Results Coming
Inovio - Results Coming
Sanofi - Results Coming
CanSino Biologics - Results Coming
Johnson & Johnson - Results Coming
Sanofi / GSK / TranslateBio. Drugmaker Sanofi is pursuing two vaccines. - Results Coming
Novavax - Results Coming
University of Queensland in Australia / CSL - Results Coming
and 5 more places I could quickly find have vaccines that looks promising and that will rocket confidence in a recovery again as seen with Pizer.. however I do believe the more candidates gets approved the more Sasol will hold its gains and finally break back into the R120 Support

Therapeutics -
Regenaron - Result Coming
Remdisviir - Already Approved
Dexamethasone - In use
and more out there already announced and still to come so don't give up, If you entered low enough you will make money, If you entered high you might need to wait but you will break even, Sasol has not hit one price point on its rally up that it won't see again in the future so keep patients. The last time I predicted a break to R150 it did, however still to my surprise peaked at R186.. Not going to lie it hurt getting out at R155 and then seeing it hit R186 and not selling the rest there... but I have climbed back into Sasol with around 500 times the capital I did in the start at R60, so you can believe my confidence and relentless pursuit for the right analysis and forecast.

Aspen APN is another stock to watch right now. Watching the trend and plotting the data of the last 7 months there seems to be strong correlation with Sasol...Not sure why,

and they seem to rocket even on the news on other pharma firms.
Reply
Rekash diets1900
thanks
Reply
@Rekash, my pleasure, I hoped it helped.
Reply
rudiroelofse diets1900
@diets1900, my pleasure...it is and I have to remember not to have a panic attack when trading Sasol. Jokes aside, the volatility is insane in the short time span but I doubt you need to even follow Sasol right now if you have a 6 months plus timeline. Long term you have to be stupid shorting the stock. You will make money...all depends also where you climbed in.
Reply
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