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Entry point?

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Supa
Contributor
Any ideas around an entry point for Sasol? Thanks
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12 REPLIES 12
Not applicable
look at OST's own technical analysis for ideas - published today
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Quakedog
Super Contributor
R320 All in and take a bond!
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MehmoodHaffejee
Frequent Contributor
But why the sudden drop in SOL? Results were good, market conditions are great, fundamentals haven't changed?
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Not applicable
they are about to lose around 20% of their oil supply from Iran. Nobody knows what the cost of replacing that source will be?
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Rams
Super Contributor
i agree with Quakedog, below 320 for the long term portfolio. they will find the the 20% shortfall...maybe in Mangaung?
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og
Frequent Contributor
Sasol does not get oil from Iran - Sasol has a JV with the Iranian National Oil Company for the production of polyethylene - skaaptjop where did u get the 20% oil number from
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Wino
Super Contributor
Hit 200day sma of R362 yesterday. So far re-traced 38.2% since low in Aug 2011. Oil price still in long term bull trend. Waiting for RSI to turn north before looking to accumaulating. Me thinks this correction is nearly done.
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Electrox
Super Contributor
200sma/ema on the daily chart not a bad place to start accumulating.
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manicks
Regular Contributor
You shoud be entering now its arnd 200 day moving average
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manicks
Regular Contributor
Jus feel that this sell off on Sol is abit overdone
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Rams
Super Contributor
and moving averages alone for entry is also a bit overdone?
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