Sasol this morning opened at a negative trailing to test R 130 but was successfully held back by the minor R 135 support line. This minor support managed to rebound the share price and break the downtrend we've been held to most of last week. We are currently testing the R 144 resistance and have not broken it successfully as yet. Markets still seem Luke warm so we can expect this horizontal trend for the rest of today. As per my previous analysis I will be happy with a close around R 144 - R 150.
Seeing the R 100 share price is more and more less likely. Buyers are holding of pretty well. At this point, even reaching R 120 would be a significant buy in position.
Seeing the R 100 share price is more and more less likely. Buyers are holding of pretty well. At this point, even reaching R 120 would be a significant buy in position.