Sasol: Here's What The Data Says

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• 7-Day Trend: High Bullish Momentum / Approaching Overbought.

• 14-Day Trend: Bullish.

• Short-term (1 to 10 days): Aggressive buying is underway. A strategy could be to watch for a potential overshoot or failure to hold prior session range highs, which might present an opportunity to short-sell back to the 8-EMA.

• Medium-term (2 to 4 weeks): Strong candle structure with a bullish attempt is forming, following a generally weaker trend.

• Long-term (5 to 8 weeks): A strong attempt at a bullish reversal is occurring after aggressive selling.

In summary, aggressive buying is currently underway in the short term, but a strategy to consider is to watch for potential short-selling opportunities if the price action fails to hold. The medium-term shows a bullish attempt after a weaker trend, and the long-term indicates a strong bullish reversal following aggressive selling.

Lester Davids

Senior Investment Analyst: Unum Capital