Tuesday, May 31, 2011

Sasol looks ominous

The recent chart Sasol looks like Sasol share price is on a slippery slope down. The 3-year chart first. It shows that after it has broken out of a symmetrical triangle, it has reached the target.

But the recent chart looks like a head and shoulders pattern forming. If it does break down the support at R350, it can go down to R310.

I would say cash is king!

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