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  • Lester Davids

Update: Sasol Ltd - Higher By 23% - Tuesday, 09 April 2024

Tuesday, 09 April 2024 | 06h30

Reading Time: 1 Minute

To trade, or open a new account, contact the Unum Capital Trading Desk: E-mail: | Call: 011 384 2923

SOL Sasol Ltd | UPDATE: Yesterday the share reached a high of 16535c, which is a 23.6% (ungeared) gain from the triple buy signal published to Unum Capital clients on Tuesday 19 March (pre-market). The move was supported by the group's market updated regarding it's appealing being upheld regarding the Secunda sulphur dioxide emissions. For short term traders, the large gain may be an opportunity to reduce buy/long positions into further strength with the possibility of re-entering on a pullback. Do however note that bullish momentum is high which means that we could see further gains on the back of the announcement.

The reading from yesterday's end of day Tactical Trading Guide as well as the updated chart, is shown below.

The original comment, as published on Tuesday 19 March, is shown below.

Lester Davids

Analyst: Unum Capital

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