SASOL - Short Idea
Following up on the previous observation, it was important for bulls to defend the R322 level and this has since broken.
I will be looking for opportunities to short while price remains below the 50 day moving average which has since formed a "death cross"
Stoploss = Daily close above R335
Target will be the next swing lows around R230 and then measured move of the head &shoulders pattern .
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
I will be looking for opportunities to short while price remains below the 50 day moving average which has since formed a "death cross"
Stoploss = Daily close above R335
Target will be the next swing lows around R230 and then measured move of the head &shoulders pattern .
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Related publications
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.