AfroTez

Sasol Midday Analysis 10/06/2020

JSE:SOL   SASOL LIMITED
Sasol saw a major drop in share price early in the morning and seems to have stabilized at around R 144,53 after closing the gap on the left. This may be a good opportunity to buy back in partially and observe movements for the rest of the afternoon. Enough buyers seeing this as an opportunity can possibly drive the share up to at least R 158 by days end. If price continues to drop, another possible opportunity to buy in would be around R 135,23 and then R 130 after that although if it reaches 130, it may be a sign the share will continue to drop. Best case scenario from my view for today is we will close around R 147 to R 150. If we break through the R 144 support line, we are likely to finish around R 135 to R 140.

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