We reached our TP from the previous setup idea and NAS100 shot up again as Trump signaled a relief to investors on Friday's conference. With the protest in the US, Covid-19 pandemic, ongoing US vs China war over Hong Kong and collaboration of SpaceX and NASA that launched to space, we can expect a slight shoot up (about 50 pips max) on Monday's opening followed by...
We can expect Sasol to still dip for a bit because the daily breakout was not that strong. Overall, Sasol expects a rally and fill the R10 400 and R16 000 gap.
Bearish momentum still looking strong as our last post on it.
With Friday's gap being filled, NAS100 has been struggling around the 9500 mark. With the FED trying to pump up the market with new bonds, zero-rate interest rates seemingly possible, trade war between China and the US, and vaccine race in play, there is a lot of uncertainty at the moment. Surprisingly, buyer speculators seem to dominate but will not hold. We can...
Potential setup for Nas100. Key entry position close to the 9175 level and first TP at 8648.
Potential long position since a second wave of the Covid-19 seems to be at play.
Potential short position as it may look to consolidate between 108.083 and 107.316 region.