Trend_Trader_JSE

Sasol, weak

Short
JSE:SOL   SASOL LIMITED
SOL has been trading below a key MA since early July, it showed characteristics of a Stage 3 setup. A selloff was seen on the ex divi date, and some market participants were comfortable to assume that the selloff was due to ex divi, fair enough. The dividend has been paid now, SOL is now below a minor support level, it it continues with the downward movement, it may test R290/share

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.