Looking at the price action of Sasol Limited (SOL) we can see the price has been in an uptrend over the last couple of months.
Taking a closer look at the chart we can see a bull flag forming which would support the move higher from 57494c per share. If we see the share price move below 54831c per share, it will negate the bullish outlook in the short term.
In this note you will find my trade summary and technical chart...
Trade: Sasol Limited (SOL)
- Entry (Buy): 57494c
- Stop loss: 55965c
- Target price: 59301c
Chart Source: Bloomberg
ALSO READ: Sasol Spot EPS - fundamental analysis by M N Ingham
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