Sasol saw a major drop in share price early in the morning and seems to have stabilized at around R 144,53 after closing the gap on the left. This may be a good opportunity to buy back in partially and observe movements for the rest of the afternoon. Enough buyers seeing this as an opportunity can possibly drive the share up to at least R 158 by days end. If price continues to drop, another possible opportunity to buy in would be around R 135,23 and then R 130 after that although if it reaches 130, it may be a sign the share will continue to drop. Best case scenario from my view for today is we will close around R 147 to R 150. If we break through the R 144 support line, we are likely to finish around R 135 to R 140.
I don't disagree with your opinion, but I guarantee that the share will still drop further. The challenges that this company is facing are worse than you can ever imagine. But it's also good to partake in making money through its volutality.
Aaric201
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I agree with your opinion! But I think it's too late for entry!
scholtzflip
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Maybe this scenario is a bit optimistic, given any possible 2nd round effects of the pandemic.
We are all eagerly waiting for that golden buy opportunity around the magic 100 mark.