Trader-Dan

SASOL - Horizontal support

Long
JSE:SOL   SASOL LIMITED
Price has found good support at the major R220 level and broken out of the short-term downtrend.

Pullbacks into R235-R226 will give opportunity to accumulate for a move upwards to target the 200dma initially and then top of range. (Potential for a breakout there as it's been tested 3 times now.)

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.