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RossLarter

SASOL - Short if trend is broken

Short
SASOL LIMITED (JSE:SOL)  
RossLarter  
JSE:SOL   SASOL LIMITED
Trend Analysis Trend Lines jse ALSI ZAR southafrica sasol Oil brent
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trendanalysis trendline jse alsi zar southafrica sasol oil brent
SOL is showing all the signs of a direction change based off of the stochastic, MACD and EMA's. I will however, only enter short if it breaks and confirms below the trend line that it has been adhering to since the end of October last year. Once this is confirmed, I think we could see a nice downward move for a while.
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