AfroTez

Sasol Trade Plan 01/07/2020

JSE:SOL   SASOL LIMITED
We are beginning to notice a gradual down trend on Sasol as we are seeing higher lows. We need a positive day soon to break the short term trend. R 130 support managed to hold off the share price yesterday but if we have another negative day today it’s fair to expect we will break this today and March for R 125 once more. This will be a good partial buy in I will partake in but I will be conservative, another really good partial buy in will also be at 120. I’m sure a lot of buyers are eying this entry point aswell. Chances of us hitting 100 are mild at this point but today’s performance will give us more clarity on that possibility. Opening at a posit Will put us at R135 resistance test. We managed to cross this two days ago with no sweat but we were promptly brought back under it yesterday. Overall expecting negative outlook today and ready to buy at those dips mentioned. Best of luck

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