Sasol - Short/Sell Target Reached At R374
Wednesday's Original Idea Attached.
Sasol - Target Reached At R374. I looked for an upside gap close and 8 21 re-test at 408-410 before the move lower. This share was the biggest decliner on the JSE Top 40 today, shedding 8.4% and exceeding the full target of 37400c.
Including SOL, this week I highlighted 8 opportunities to bank/take profit on published trade ideas. Some from this week and others following through from last/previous weeks.
There were zero stop-losses hit i.e. failed ideas. The last two stops hit were last week, that being IMP (leg 1 & 2 targets hit, 3rd stop) and SLM (leg 1 & 2 targets hit, 3rd stop). You'll recall I mentioned both of these names last Friday.
The 'take profits' this week were as follows:
MONDAY: Old Mutual, Mondi Plc, GBP/JPY, S&P 500, USDZAR
TUESDAY: Natural Gas
THURSDAY: USD/JPY
FRIDAY: Sasol (detail as mentioned above)
Well done to all who traded and took advantage of the opportunities highlighted.
A good weekend to all.
Sasol - Target Reached At R374. I looked for an upside gap close and 8 21 re-test at 408-410 before the move lower. This share was the biggest decliner on the JSE Top 40 today, shedding 8.4% and exceeding the full target of 37400c.
Including SOL, this week I highlighted 8 opportunities to bank/take profit on published trade ideas. Some from this week and others following through from last/previous weeks.
There were zero stop-losses hit i.e. failed ideas. The last two stops hit were last week, that being IMP (leg 1 & 2 targets hit, 3rd stop) and SLM (leg 1 & 2 targets hit, 3rd stop). You'll recall I mentioned both of these names last Friday.
The 'take profits' this week were as follows:
MONDAY: Old Mutual, Mondi Plc, GBP/JPY, S&P 500, USDZAR
TUESDAY: Natural Gas
THURSDAY: USD/JPY
FRIDAY: Sasol (detail as mentioned above)
Well done to all who traded and took advantage of the opportunities highlighted.
A good weekend to all.
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