Timonrosso

Sasol setting itself for great upside to R339.45

Lång
JSE:SOL   SASOL LIMITED
W Formation is forming on Sasol.
We are seeing the downtrend slow down in momentum, and it looks like the price wants to break up and out of the down trend.
This is a bit premature for a breakout trader, but it's still good to watch and prepare for.
We have other indicators that still show downside (but potentially changing trend)
200<21<7 - Bearish
RSI <50
Target R339.45
Wait for breakout first then it's full steam ahead to the upside.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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