Trading Ideas

Sasol – Running out of Fuel

Sasol – Running out of Fuel by SchalkLouw on TradingView.com In one fail swoop, Sasol not only dropping 13% in one day, but also broke a very strong support line at R383.50. Main reason was the Lake Charles Project not only seriously going over budget, but also starting to look like the Never-Ending Story. Debt […]

Trading Ideas

My Tencent worth…

My Tencent worth… by SchalkLouw on TradingView.com Following most Chinese Internet Companies, #Tencent succumbing to the Trump tax-blow. A breakthrough it’s 6-month support line does not paint a pretty picture for the share price going forward. N   Next support level could be around the lows of March (350HKD), with a break most probably testing […]

Trading Ideas

How Low can you Go…Remgro?

How Low can you Go…Remgro? by SchalkLouw on TradingView.com Remgro is getting very interesting. Despite the fact that the share price is getting closer to the bottom support level of a Descending Triangle , the company still seem fundamentally sound and somewhat oversold according to its 14-day RSI . Consensus target price (according to Thomson […]