Marcelle_Nel

Possible triple top reversal incoming?

Short
JSE:SOL   SASOL LIMITED
Sasol seems to have fallen into a triple top pattern on the hourly time-frame, with 152 acting as strong resistance and 132 acting as strong support. If Sasol fails to break above 150 convincingly in the next day I am expecting a decline to 132-ish again. If that level breaks a drop to 117 seems very likely in the short term.
Comment: Clearly the reversal to 132 has not happened and does not seem likely by close of trading day. But it does seam we are indeed on the way there. Let's see how this pattern unfolds. Also, check my bullish scenario taking up the ascending triangle view.