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sol

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jakes007
Contributor
What are the indicators for sol. oil is above 141 and the $ below $7.90. Why is sasol not at its previous high levels?
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5 REPLIES 5
SD
Contributor
I could ask the same question, why??
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Not applicable
wow - this is on almost exactly the same set of supports as Exxaro - it's testing the bottom of a channel, AND a 23.6& retracement AND a double bottom. To be watched carefully - a bit too risky to long unless it bounces, or to short, unless it breaks downwards.
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bulletjie_1
Frequent Contributor
If ever you dont like trading anymore AvS, you will make a great politician. lol
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Not applicable
it's called hedging your bets. Like the weather forecast - If it doesn't rain today, it'll be dry.
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Not applicable
Actually, what I'm trying to say there is that any share in such a pattern is at a slightly more-risky-than-normal price. This happens at the top & bottom of any channel, and is where I get out of my positions until the direction has been established slightly more firmly.
Of course, it's still a numbers game, so a certain number of trades WILL go the 'wrong way.' It's called specultation. It's not a printing factory . . .
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