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
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.