It seems that SASOL is ripe for a turn higher.
Today (Dec 6th) price turned in a BUY zone between R267 - R273.
As long as price remains above R265 the trade remains valid for a retest of R330 as T1 (15-18% profit)
Target 2 longer term is R370 (30% profit)
TRADE STRATEGY
Aggressive entry - Buy the open price of SOL on Dec 7th or around R280
Conservative entry - wait for retest of price below R275
STOP LOSS - below R265 (5-6%)
BRENT CRUDE OIL
Possible turn today @ $80 for run higher which also bodes well for the Sasol analysis
Today (Dec 6th) price turned in a BUY zone between R267 - R273.
As long as price remains above R265 the trade remains valid for a retest of R330 as T1 (15-18% profit)
Target 2 longer term is R370 (30% profit)
TRADE STRATEGY
Aggressive entry - Buy the open price of SOL on Dec 7th or around R280
Conservative entry - wait for retest of price below R275
STOP LOSS - below R265 (5-6%)
BRENT CRUDE OIL
Possible turn today @ $80 for run higher which also bodes well for the Sasol analysis
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.