Sasol have experienced a great blow to their share price due to South Africa's lockdown but mostly because of the great decline in Oil Prices. Price have broken a short term trendline. This indicates possible forward upwards movement to follow. The recovery of SOL share price will not happen overnight and therefore it will be a buy and hold position.
Target 1 is in regard with the possible resistance trendline and profits could be taken at R85,00.
Target 2 is in regard of a strong formed support level to turn into possible resistance at R200,00.
Target 3 is in regard of the long term formed resistance trendline (red) at R300,00.
Always use Risk Management . Check out my Telegram channel otforex to receive live signals
Target 1 is in regard with the possible resistance trendline and profits could be taken at R85,00.
Target 2 is in regard of a strong formed support level to turn into possible resistance at R200,00.
Target 3 is in regard of the long term formed resistance trendline (red) at R300,00.
Always use Risk Management . Check out my Telegram channel otforex to receive live signals
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.
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.