MarcoOlevano

$SOL Breaking down from its bullish channel and losing 200 dma

JSE:SOL   SASOL LIMITED
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Sasol has broken down from the strong upward channel that has been in place since February of this year. In addition, it has also failed to make any progress above the 200 day moving average which makes this technical structure look very shaky. There is some strong support between R385-R400 should we get there in the weeks ahead which could potentially be a good opportunity to buy the stock once more.
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