Thursday, January 11, 2007

Sasol - more downside to come

Sasol has been following the oil price weaker over the last two weeks, and its chart points to further weakness. My analysis (inspired by Simba, I must mention this!) shows Sasol’s fair value is about R230, at which it is currently trading. Buy when it falls further to around R220 for a rebound. Short-term traders please have stop loss in place.

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