Trad3r_16

Sasol closes the gap

Long
JSE:SOL   SASOL LIMITED
Sasol initially managed to find some support around R280.85 - then a strong day on Friday saw Sasol close the gap higher up and simultaneously break it downtrend. It now faces resistance at its 50DMA (R311.18) but should it rally from here and close above R320 or so, we could see Sasol run up further to its 200DMA (R350). Stop loss on a close below R280.
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