$JSESOL - Sasol: 5301 cps The Key Level To WatchTrade summary:
The major correction from 43860 cps has seen the share price decline by 87.91%.
The decline traced out a zigzag pattern and has potentially bottomed at 5301 cps, which is the key invalidation level.
The bounce from 5301 can be labelled as a five-wave advance when looked at in the daily timeframe.
Any retracement must hold above 5301 cps for the bullish outlook to remain valid.
DANGER Diamond for ArcelorMittal to 57 cents?Dangerous Diamond has been forming since 2024.
What happens is there is indecisiveness between the buyers and sellers.
And because the prior trend is down, means there is a strong incline of downside to come when it BREAKS below the diamond.
Price<20 and 200MA
Target 57c
Nampak target still on the way to R579.61W Formation price broke above and has shown strong signs to upside.
Price above 20 and 200MA and the momentum seems to be on par with upside.
Target to R579.61 remains.
It seems to be one of the hedges while the markets are in turmoil with potential World War 3 action between Israel, Iran and possibly the UK and Russia soon.
SSW Long Term Long PositionThe South African JSE stock has been gradually degrading for the past 3-4 years. It has reached support level 1633 ZAC which was last tapped in 2020. There is a possibility that it might drop even lower but we are in the mid trough or end of its depressing stage of its cycle before recovery commences . Overall JSE:SSW is a good pick for long term investing.
Nampak is packing great upside to R561It's been the underdog for a while now.
WHich the price just moving sideways since late 2024.
But now it's had a major breakout to the upside.
What's causing it, I'm not sure but we can suspect a few things.
1. Debt Restructuring Complete
Nampak finalized its debt renegotiation, easing investor fears of default.
2. Improved Cash Flow
Asset sales and cost cuts have strengthened free cash flow.
3. Packaging Demand Rebound
Recovery in the FMCG and beverage sectors boosts demand for
VODACOM GROUP (VOD)They are down nearly 40% since its peak in March 2022. This pullback mirrors similar trends observed in other South African Inc stocks. Currently, the share price has retreated to the lower trend line that has been established since 2022, finding support at R86.50. This pullback may potentially position the stock for a rebound.
Our Entry: R88.00
There are some concerns to consider:
- Upcoming earnings around the 13th of May
- Elections scheduled for the 29th of May
IMPALA PLATINUM (IMP)It looks like IMP (JSE) is at a decision point.
Previous Earnings Pattern: In Feb & Aug 2024, the stock dropped 10-12% post-earnings, continuing the downtrend before hitting the bottom trend line (green), which acted as a strong support and reversal zone (blue arrows).
Current Setup: MACD is tightening into a squeeze, sitting in a bottleneck, gearing up for a breakout either way—not clear yet.
What I’m Watching: If it follows the same pattern, we could see another drop to the bottom tren
Perfect CandidateIt seems we have a potential extended wave 3 (black) here. Price is currently unfolding in wave 3 of 3 (blue) of the black circled wave 3. I'm anticipating the stock to explode in the next 5 years and trade at 5x the current price.
BLong
Our opinion on the current state of AREIT(APO)This is a newly formed real estate investment trust (REIT) which says that its strategy is to, "...invest in yield-enhancing assets and areas that offer consistent, long-term rental growth...".
The company said, "The investment properties comprise of three properties held by way of leasehold for 40 years, which has been independently valued ahead of the intended listing as a Real Estate Investment Trust (“REIT”) on the Main Board of the JSE. The purchase consideration was settled through the is
Our opinion on the current state of THARISA(THA)Tharisa (THA) is a mining company that mines and beneficiates platinum group metals (PGMs) and chrome. The company is listed in London and on the JSE. The Tharisa mine on the south-west limb of the Bushveld Igneous Complex (BIC) is an open pit operation with an estimated life of 17 years.
The company owns a subsidiary, Arxo Metals, which beneficiates chrome to produce high-grade chrome concentrates. The company is planning to expand into the Great Dyke area of Zimbabwe.
In our view, this is on
Our opinion on the current state of PURPLE(PPE)Purple Group (PPE) is a trading platform and asset management company that is aimed mainly at the private investor and offers the cheapest costs of dealing in shares on the JSE.
The company has three divisions: (1) Easy Equities which enables investors to buy very small quantities of shares with very low dealing costs. For example, buying R100 worth of a share costs the investors just 64c. 95% of accounts opened are first-time investors and the company has 150 000 active investors. (2) Emperor
Our opinion on the current state of LIFEHC(LHC)Life Healthcare (LHC) is the second-largest, JSE main-board listed, healthcare company with private hospitals, same-day clinics and surgeries and healthcare companies in South Africa, the UK (Alliance Medical), and Western Europe.
The out-going CEO, Shrey Viranna, says that the group is trying to diversify away from conventional hospitals more towards day-clinics and non-acute services. It is also trying to diversify away from medical aid schemes towards people who pay for their medical attenti
Our opinion on the current state of M&R-HLD(MUR)Murray and Roberts (MUR) is a large South African construction company which has suffered from the sub-prime crisis and then the slump in construction spending following the 2010 World Cup. This brought the share down from a massive double-top formation at around R100 per share to a low below R5 in May 2020.
The company has been consolidating and reducing costs. It has transformed itself into a "...multinational engineering and construction Group focused on the natural resources market sectors.
M
Our opinion on the current state of PURPLE(PPE)Purple Group (PPE) is a trading platform and asset management company that is aimed mainly at the private investor and offers the cheapest costs of dealing in shares on the JSE.
The company has three divisions: (1) Easy Equities which enables investors to buy very small quantities of shares with very low dealing costs. For example, buying R100 worth of a share costs the investors just 64c. 95% of accounts opened are first-time investors and the company has 150 000 active investors. (2) Emperor
Our opinion on the current state of TREMATON(TMT)Trematon (TMT) is an investment holding company with subsidiaries, joint ventures and associate companies, mostly in the Western Cape. The company also invests in listed and unlisted shares.
Originally most investments were related to property, but its investments have moved outside that. The company owns Club Mykonos.
In a trading statement for the six months to 28th February 2025 the company estimated that HEPS would fall by between 17% and 25%. The company said, "INAV per share for the curr
Our opinion on the current state of SIRIUS(SRE)Sirius (SRE) is a real estate investment trust (REIT), listed on the JSE and the London Stock Exchange (LSE), which specialises in office, manufacturing, and warehousing properties in Germany.
The company owns 141 assets with a book value of about 2bn euros. Obviously, this is a well-managed and growing rand-hedge which was benefiting directly from the recovery of the German economy before COVID-19.
The company has formed a joint venture (JV) with AXA Investment Managers in terms of which AXA























