Sasol: R246 Target HitSasol: R246 target hit during yesterday's session (traded as high as +249 today)
Original idea attached.
For more research insights, including trade ideas, get in touch today.
About Market Cap SOL, $ (CALCULATED BY TRADINGVIEW)
Solana is a protocol praised a lot for its performance and speed — all for the sake of facilitating decentralized apps. The protocol is even doted on for its Proof-of-history consensus that improves scalability and, consequently, usability. Some bold fans even say Solana is a future rival of Ethereum. How true this is, we can't know, but we can try to evaluate how well the network is doing at the moment by watching market cap of its native token, SOL — we've calculated it and displayed on the chart so that you can stay informed and prepared in any market scenario.
Speculative Idea: Buy SOLSpeculative trading opportunity, with the view that we could see a reversion to the mean in the short term to medium term. We could see the share continue to consolidate in the R224 to R229 range however the following is my view on the potential opportunity. With the U.S. energy sector (XLE) being a
TARGET hit Sasol at R221.40 but still looking bad Inv Cup and Handle formed on Sasol and we knew once there was a break below the brim level, downside was to be followed
The other indicators via peripheral also confirmed it as 200 > 21> 7
RSI<50 (Lower highs)
Target hit was R221.40
Now the trend is still down, there aren't many strong levels of s
OppsAs traders and investors we like to ignore what we see and later say we couldn't have foreseen what happened. But you could there are always red flags
SASOL - Ominous Shampoo 😜 pattern I know alot of investors hold this company and rightfully so. It has however formed another Head & Shoulders pattern which if it plays out could open the gates to R170-R216
Bulls will only be safe if R323 is broken to the upside from what i can currently see on the chart. Note this is a bird's eye
SASOL- Mind the gap!So we all know that Sasol is no longer an oil company right...? They did warn that chemical prices will cause a bit of confusion with their earnings too... Sooooo.... Oil price under pressure and some random mixed bag of chemical sales prices means that they have a bit of conundrum right...?
Why do
Sasol lining upIndicators are starting to look favourable here, but still waiting for the move upwards.
Sasol Inv Cup and Handle just made it bearish to R221.11Inv Cup and Handle formed on Sasol.
The price broken below the brim level.
The gap was filled when the price went back up to close and form the right handle.
Then the supply side kicked back in dropping it further.
We also see bearish indicators.
200 > 21> 7 - Bearish
RSI<50 (Lower highs) - Be
Sasol breaks downSasol has broken its positive channel on earnings reported. Will see where it settles after news.
See all ideas