TRIPPYHUSSLE

SASOL limited bearish view

Short
JSE:SOL   SASOL LIMITED
The energy and chemical company SASOL limited has printed out a very observable pattern of a head and shoulders type formation on the monthly candles and good support turning into resistance and confirmed with nice bearish momentum following a rejection on the 1.618 fib level. the stock is going to have a bearish moment long term according to the price action that it has displayed. furthermore the countertrend line break will act as more confirmation of the drop to less than 2125 Zac.
#John Kalumba.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.