SASOL LIMITEDLong
SASOL - Swing trade (BUY)
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
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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.
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.