Interesting close we had on Friday. Sasol again with a horrible open but able to fight back positively. We have broken through the downtrend resistance and this could be a sign of a trend change. If we open to test R 130, it could mean the down trend is possibly continuing and this will be a good buy in position. breaking Through R 130 will give us another buy in position at 120 which has held very strong during the past week and can confidently expect a rebound. If we open at a positive we can expect to hover around R 144, having a very positive market will push us towards the R 152 resistance which i'm quite positive we can break easily and aim for R 165.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.