Sasol Trading Plan - 06/07/2020

Sasol looked more tame toward s the end of the week as markets started to look a lot more positive. We haven’t seen another test of R 125 but are still ready for when it does come up. We have a partial buy in at R 125 and a second partial buy in at R120 should we have another negative dip. I won’t be buying in at R130 as this support lines strength is in question. A positive open may see us hit R144 again or just below that as we notice a down trend line which may confirm the general downtrend is continuing if it is not broken soon. This will be Avery interesting week for Sasol as it seems it has finally reached stability in R 120.

Good luck


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