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RossLarter
Mar 1, 2021 12:59 PM

Possible short on SASOL Short

SASOL LIMITEDJSE

Description

JSE:SOL is showing signs of a momentum change, and we could be looking at a downward move to the support level around 15500. The stochastic and MACD have both crossed down a couple of days back and we finally have confirmation from the EMA's that the trend may be changing.

Order cancelled

Comments
QBrummer
When do you see this happening? Thanks.
RossLarter
@QBrummer, no expectation. If it closes below Friday's candle, we go short.
QBrummer
@Sure_Trading Thanks. Seems like it is going down already and Brent crude isnt really providimg any support.
RossLarter
@QBrummer, No, it doesn't seem like it...
QBrummer
@Sure_Trading Do you still foresee Sol going down?
RossLarter
@QBrummer, If it breaks the highs of mid-Feb, maybe not.
Henry_Ross
Hello, good job
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