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AfroTez
Jun 17, 2020 7:15 PM

Sasol Trading Plan 18/06/2020 

SASOL LIMITEDJSE

Description

A very disappointing close of the Sasol share price today especially because it held strong throughout the day. Unfortunately when US markets opened we started seeing a slump in the share price. It this point it’s fair to expect a further drop in share price to close this mornings gap, giving us a partial buy in opportunity at R 140 where we can expect a rebound. If we manage to open on a positive we will go back to testing the R151 resistance which has held us back today. Currently at R 143, we are at a decent buy in, I would exercise caution as there is A good chance we might close the gap. Overall still looking positive, R 120 share price still looking unlikely.
Comments
juankoen1
Really been enjoying the resistance at 130. Been a good mark to constantly buy and sell for a quick profit
AfroTez
@juankoen1, yeah i stll have trust in it... We should only start worrying if it stoppls holding
SandraaSmith
Well done
Mashithembe
I take a bite at 140 long
Mxolisi_Ngcobo
I think 1 July when the petrol price increases sasol will hit a break thru above 160.
But we go back to south African lockdown level 5 we are fucked
NEKA4
@AfroTez Hi, thanks for the consistent analysis. Do you have any insight on the recent slump?
Think there is a chance we will see R120 levels?

Thanks
AfroTez
@NEKA4, hi, thanks for reading, 130 is holding very strong. If it doesn't hold then thers a good chance
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