Target 105. Stop loss on breach of neckline (blue line)
Upper gap might be immediate target for bulls, but technically the likelihood of testing lower levels after that looks quite compelling. Watch for a bear flag formation while we consolidate.
A break of support 1, could open target 2 support. Bulls will have to dig deep to get out of this one. Bearish
R 14,52 target on this bull flag break within range
R200 level can become a target if momentum is maintained above flag breakout level
Negative futures might point to a correction looming.
Breaking trend line. More weakness to come.
Bear flag indicated in blue.
After that bear flag break it was just a question of time.
A break here could be considered very bullish
First target was breached and second target now coming up.
Neutral position after a poor trading statement from Woolies. Maybe premature, but not liking the look of a gap close this morning with weakness creeping in after the gap closed.
Gold forming a flat top triangle. A break would open the $1500 target
This could be either a flag break retest or a fake break. If the retest holds, targets could be 12450, 12900. If it break back into flag, consolidation could continue and the long trade id off the table.
If you cut out all the noise on this share it looks like a possible target could be 235 as part of a large multi year channel. On paper looking cheap. This is just for the very patient. Stop loss should be quite wide as a result of low liquidity.
Zeder owns 30% of Pioneer Foods. 1100 is the Pepsico price on offer for Pioneer Foods. It looks like an additional 10% upside could be on the table for Zeder at current levels. 533 could act as resistance for further upside.
Line one is the current share price. Line two is the offer from Pepsico. 10% Delta is either provision for a divi payout, or risk that you carry if the deal falls through ? My feeling is that this is a huge vote of confidence in SA inc, and 110 is quite an opportunistic purchase price. Shareholders might ask for a little more + government pressure might help this...
The first correction happened during the financial crisis. The other two corrections are in a large part self inflicted with the massive Lake Charles project. Once that project comes 100% online and the drag on earnings due to capital expenditure subsides, the Sasol share price should recover. Not for short term investors.