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SteynTrade
Jun 22, 2020 8:10 AM

JSE:SOL Sasol Good Volume Long

SASOL LIMITEDJSE

Description

It could be time for the push to test R180 again. Good volume and higher highs are indicating that the move to R180 is about to start. Will be watching this week.
Comments
luckyEggs47477
Do you it will happen despite the market valuing the shares at around R80
SteynTrade
@luckyEggs47477, Hi, what I try to do is evaluate the market based on its actions. There does seem to be high volume at R80 and below. However, currently, the buying and selling is taking place between R130 and R150. A break of R150 could see a push higher. However, if you look at my previous posts I do expect the price to drop once it has tested R200. The market is often irrational in the short term but in the long-term could revert to R80.
JPHEYNS
@SteynTrade, LCCp now at 86% operational capacity. Very bullish news for the future.
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