Breakouts: 05 October 2020

Looks like it is time to short (or sell) your Sasol stock and anything else reliant on the oil price like Standard Bank oil ETN. Then we look at Hoskens consolidated group for a move to the upside.

Breakouts: 05 October 2020

SOL (Sasol)

$JSESOL

Breaks below support. 50MA turning down to join the 200MA.

It's time to go!

Brent crude also broke below support forming an inverse cup and handle.

$BZ

HCI (Hoskens Consolidated Investments)

$JSEHCI

Extended cup and handle.

SBAOIL (Standard Bank Oil ETN)

$SBAOIL

Inverse cup and handle. Time to sell.

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