Nate_Za
Short

Sasol Bullish Bat

JSE:SOL   SASOL LIMITED
Sasol seems to be forming a bullish bat , should find support in the R48-R50 area.
Comment: A break below R73 would have confirmed the formation of a bullish bat, but with the brent crude climbing up, we will therefore see sasol play out the channel to the upside.

Comments

Upside for Sasol, brent crude climbing higher, weak ZAR to the USD, economy opening up on Monday, demand thus increasing. Hope a partner can be found for LCCP
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Nate_Za JPHEYNS
@JPHEYNS, Yes thanks for the heads up, i see it play out the channel and move to R105+ region.
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JPHEYNS Nate_Za
@Nate_Za, Possibility to fill the entire gap if everything goes well.
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Nate_Za JPHEYNS
@JPHEYNS, and it did , spot on
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JPHEYNS Nate_Za
@Nate_Za, Bollinger band tightening as well with lower volume, could see a breakout
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