Marcelle_Nel

ISHS on Sasol?

Long
JSE:SOL   SASOL LIMITED
Seems like Sasol has been forming a very distinct Inverse Shoulder Head Shoulder pattern over the last few weeks. Seems like the neck line has been concretely broken now. Waiting for confirmation. Technical break out target is around R 167. For a more conservative prediction I would place resistance at the top end of the ascending channel first, i.e. at R 165.

Comments

lyk my jy en sasol is nou uit idees en geld...
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Marcelle_Nel ImperiousAJ
@ImperiousAJ, Haha, ek het lankal uit Sasol beweeg na al die reports van hulle wat assets verkoop: met hulle wat soveel assets verkoop is geen van die analysis meer valid nie want die company is nie meer dieselfde werd nie. So ek het al my shares verkoop en in mining stocks in beweeg XD
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Could you do an analysis on hulett tongaat
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Marcelle_Nel luckyEggs47477
@luckyEggs47477, Hi Eggs. Tongaat is a company in debt trouble. They have not had dividends for years and negative cash flow. The company is non-investable in my opinion simply based on fundamentals, therefore I do not spend time on technical analysis. I only analyse entry points on TA when I decide, based on fundamentals, that the company is worth investment.
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williamhenry Marcelle_Nel
@Marcelle_Nel, agreed
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