Sasol analysis
Sasols big rebound went from R 71 to R105 which was an effective 47.88% profit for those who were brave enough to jump on the train and hopefully jump off in time as well. 105 seems to be a new minor resistance point as we have now seen two close occasions where the price has respected this line. Still very hard to tell where it will go in the new week and I still doubt we are seeing a reversal any time soon unless of course we hear some out of the world positive news. Chances are another big dip will produce a rebound again and possibly we can see a repeat if we hit 70 again or possibly 60. A lot of traders waiting to capitalize on another heavily discounted share price.
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