Inverse Cup and Handle has formed on Sasol. It's a rare Chart Pattern where an Inverse Head and Shoulders never formed the right shoulder This means, the momentum to upside is strong and the price does not want to retrace back. 7>21 - Bullish RSI >50 Bullish Target R365.50
GENERAL INFO Sasol (founded in 1950 in JHB) is a large South African multinational energy and chemical company which operates in more than 30 countries. It is also one of the world's largest producers of synthetic fuel from coal and its main products include liquid fuels, chemicals, and low-carbon electricity. The company is involved in the exploration, production, processing, and marketing of natural gas and oil.