Our Sasol Limited (SOL) trade did not trigger and sold off within the bull flag back to the trend support line (Red dotted).
I have revised my entry lower and adjusted my stop loss to below the trend support. There might be an opportunity for dip buyers to enter the market at this price.
Supporting factors might be that the oil price has increased over the last couple of days but all eyes will be on the Rand (ZAR) today so keep your eye in this one.
Trade: Sasol Limited (SOL)
- Entry (Buy): 55965c
- Stop loss: 53957c
- Target price1: 58148c
Chart Source: Bloomberg
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.