SASOL symmetrical triangle: Just an idea (for fun)

15 apr 2020

Hi all,

Just a silly idea... Lets see how it plays out:

A symmetrical triangle with levels 68-70 area break, could send SASOL up to 95 area. A triangle break down from 59 area, could send it down to 39, which should be a juicy level to start nibbling again, then nibble a bit more around the FIB 78.6% (36.26).

Also waiting a bit for the RSI to be oversold..

Let me know your comments... Not financial advice. Goodluck

16 apr 2020

Trade attivo

Both triangle and fib 38.2% broke. Support at 52 then 44, but I'm still seeing 39 in the near future.

20 apr 2020

Trade attivo

Nice little bounce on fib 50%, but after today's OIL performance, I don't expect this to stay there.... Very uncertain times for SASOL IMO