SASOL LIMITED
Long

Go long on Sasol

122
Sasol fell sharply when news surfaced of further overspending at its Lake Charles facility in Louisiana. But, with oil on the rebound, it might be a good time to buy the stock at these new lows.

As you can see from the above chart, there is a big gap between price on 21 May 2019 and 22 May 2019. In technical circles, there is a common saying: The price always fills the gap. This is exactly how we see SOL playing out.

Action: Place a Limit Order to go Long with your Limit Price set to R380.00. Set your Stop Loss to R340.00 and your Take Profits to R420.00 and/or R460.00.

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