austinrodney00

Sasol needs to fill three gaps , so my position is long

Long
JSE:SOL   SASOL LIMITED
Sasol has been keeping strong with its resistance lines around the low R130 mark and now needs to go long and fill the three small gaps formed all the way up to R 157 which will be a good 20% growth. just be patient as we dont know how long it will take to do this. you know the saying that 9 out of 10 gaps always get filled so we have a good chance of riding the long wave when it comes.

Please note that this is just a speculation and not financial advice, please comment on your opinion or suggestions.

Trade safe and always manage risk.

Comments

What are your thoughts on the slow rise of today. Are expecting a breakout or a pull down?
+1 Reply
austinrodney00 ElandrePage
@ElandrePage it has filled 2 out of the 3 gaps so it might make a pull down , i dont expect sasol to rise to the R160 mark any time soon unless they release some more good news. but with sasol anything is possible
Reply
QBrummer ElandrePage
@austinrodney00 we are now waiting for the Lake Charles partnership announcement which is said to be within weeks and not months as initially expected. That should be very positive.
+1 Reply
Gap 1 closed
+1 Reply
@KBChristo, lets hope it stays strong
Reply
looks like sasol under strain...
+1 Reply
@sanambip, yes definitely today but luckily coming up back to the support level
Reply
sanambip austinrodney00
@austinrodney00, yes lucky its picking up..
Reply
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