$JSESOL - Sasol: 13226 Gives Way, What Now?
See link below for previous analysis.
Sasol did not take long to confirm that the down move was not complete.
The bounce from 13226 to 17380 is for wave (iv); the current sell-off is for wave (v) of [c].
The earliest indication that wave (v) is done will be a break above 17380.
It's a bit late to be bearish and at this mature stage of the trend, I am more interested in buying opportunities.
Sasol did not take long to confirm that the down move was not complete.
The bounce from 13226 to 17380 is for wave (iv); the current sell-off is for wave (v) of [c].
The earliest indication that wave (v) is done will be a break above 17380.
It's a bit late to be bearish and at this mature stage of the trend, I am more interested in buying opportunities.
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