After reaching a low of R256.44 , price printed a reversal and has trailed out the remaining position on the short.
Sasol is back at the key resistance zone around R323 and the 200dma . I will be watching to see how price action develops around here to see whether another short opportunity will present itself or if a breakout occurs.
NB: Stock has been upgraded / punted of late by various analysts.
Sasol is back at the key resistance zone around R323 and the 200dma . I will be watching to see how price action develops around here to see whether another short opportunity will present itself or if a breakout occurs.
NB: Stock has been upgraded / punted of late by various analysts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.