Trading Sasol: -6% Reversal From Overbought Range i.e. Resistance At 50-Week EMA
- Lester Davids
- 22 hours ago
- 1 min read
Research Notes For 23 to 27 June > https://www.unum.capital/post/r2327june
Trade Local & Global Financial Markets with Unum Capital.
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Friday's bearish reversal is in line with Thursday's view that the 50-week EMA and overbought range presented a poor buy/long reward-to-risk for new longs.
Previous Post (Thursday 19 June): Trading Sasol: Short Term Overbought (50-Week Resistance) + Price Action Probabilities
Lester Davids
Senior Investment Analyst: Unum Capital
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