Sasol Trade plan 26/06/2020

Sasols triangle was broken yesterday at open and thus making the incline support line irrelevant at this point. The decline resistance still stays as we are noticing a pattern of lower highs and thus we can expect the next high to rebound on this resistance. That could happen either today or Monday.
If we open at a negative we can expect a tussle at the R 132 price point as this has been tested 3 times already. I’m personally not expecting it to hold so we can also expect a rebound at R 130. The R 130 support has been strong in this horizontal trend so a partial buy in is possible here, I would wait for a strong candle stick or second candle stick to confirm rebound before buying in.
Personally though I’m not expanding on the Sasol portfolio, most stocks are down and would rather expand on something more secure.


Great chart sir! i made a great buy at R36 per share, thinking of holding on to the, for a while...
Spot on
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out