SASOL LIMITED
Long

SOL: some swing upside potential?

586
A bullish trend seems applicable.
Ideal long entry around 27200.
Increase exposure around 29400.
Target at 328000 (just below its 200-day simple moving average)
Stop-loss at 26100.
A complex Elliott wave pattern is busy developing (see the red A B C D and E as well as the blue W X Y).
Time exit: +/- 17 March 2023
Technical rating: medium

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