Sasol is currently in a downtrend and looking more likely to go below R120 support line. It does seem it has stabilized but chances are the slump will continue. There is an overall downtrend as well when we look at Sasols day chart which started since 2018. By 11 November we should know for sure if the overall down trend will continue as by this time the share price should converge with the downtrend resistance.
I think rights offer could also have a very negative impact on the share price if shares are offered at a discount.
I think rights offer could also have a very negative impact on the share price if shares are offered at a discount.