SASOL (23/08/2023) - MONTHLY CHART:
Sasol's monthly chart shows a rounding bottom pattern, similar to movements in August 2008 and April 2011. The price appears to consolidate around a support zone, excluding the COVID-related drop.
This might lead to a sideways phase followed by a potential long-term uptrend.
Note: The time taken for the pattern's first half is roughly expected to match the second half's duration.
Sasol's monthly chart shows a rounding bottom pattern, similar to movements in August 2008 and April 2011. The price appears to consolidate around a support zone, excluding the COVID-related drop.
This might lead to a sideways phase followed by a potential long-term uptrend.
Note: The time taken for the pattern's first half is roughly expected to match the second half's duration.