Sasol

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Sasol | The rebound off the 50-week/200-day SMA confluence has been strong (~R155 to ~R205), with the price subsequently consolidating in a sideways range from late July to late August. Relative to the moving averages (21w/50w), the price trades in a neutral range, hovering just these flat EMAs, which suggests neither a strong bull or strong bear case from current levels. Rating: Buy on Deeper Pullback.

Lester Davids

Senior Investment Analyst: Unum Capital