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VillageTraderZA
Nov 23, 2020 3:39 PM

Potential inverse cup and handle Short

SASOL LIMITEDJSE

Description

We have a potential inverse cup and handle formation on Sasol. The might me some pressure on the share
Comments
QBrummer
Thanks for the input
QBrummer
Would you recommend selling?
VillageTraderZA
@QBrummer, Yeah but the risk reward might not be with it though. I'll would wait for the break below 7420c level. See if there isn't any decent tight stop loss I could use. But a stop above the handle could make the Risk Reward not worth shorting the share.

NB I'm strictly talking about trading. for investment purposes. I don't have enough knowledge about the fundamentals of the business to make any recommendation
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