Sasol Trade plan - 25/06/2020

At this point we have noticed a triangle starting to form where the fluctuations are getting less and less. Opening at a positive will keep this triangle formation going and we can expect a rebound at just below R148. At the current position though it does look like it has broken through the uptrend support line but we will only get confirmation at open if it does continue its downslope. Overall still a horizontal trend, making it harder to profit from fluctuations but good thing is we will get a more clear direction after midday today. Still in neutral standing although R135 still seems like a good potential buy, I would personally wait for a successful rebound before taking this opportunity.


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