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Trading Sasol: Above R80; Recovering In Line With Model Data

  • Writer: Lester Davids
    Lester Davids
  • 4 hours ago
  • 1 min read

Research Notes For 19 to 24 May > https://www.unum.capital/post/r1924may

Trade Local & Global Financial Markets with Unum Capital.

To get started, email tradingdesk@unum.co.za




Previous Post (Wednesday 14 May at 11h28): Sasol: Here's What The Data Says

  • 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


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