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[JSE:SOL] - Sasol Limited Technical Take Update

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Barry Dumas
Sasol 02 November 1-1.png

SASOL LIMITED (SOL) – SECOND TARGET PRICE REACHED

What a trade on Sasol Limited (SOL) and for the traders that kept the trade open it has played out nicely as per my trade update from 27 October on Sasol limited (SOL). The second target price has been reached and you have banked a nice profit.

If you still want to keep the trade running I would suggest moving your stop loss to 40972c which was my target 1 price level so you can manage your risk and lock in those profits.

Possible target price 3 on the horizon

If we look at the chart we can see the next target price will possibly be at 43098c as this is the next resistance line for the price.

Keep a close eye on this one.

Sasol 02 November 2.png

 

Chart Sources – Bloomberg.

 

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