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Timonrosso
Nov 22, 2022 8:56 AM

Sasol is continuing to tank further to R225.43 Short

SASOL LIMITEDJSE

Description

Bear Rectangle is forming on Sasol as it previous did a few months ago. There are bearish signals as the downtrend is continuing.
The 200 > 21 >7 MA which once the price breaks below R277.95 we will have our next target at R225.43.
This confirms with the ongoing drop in oil price...
Comments
jamaadhir
I'm on the other side of this - Long from R300. Earnings in FEB likely to be good again. Look at the historic p/e and the likely p/e come FEB. I suspect it'll rerate upwards. See you on the other side.
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