RobbyP

Crazy Sasol trade

Long
JSE:SOL   SASOL LIMITED
Call me crazy, but today's Sasol shocker provides an excellent trading opportunity. Today's "flash crash" has taken the price back down to a monster support level and I really think this is one for the punters. If fortune truly does favor the brave, then I should be just fine. I have bought this support level for a bounce back above R400.00 and I wouldn't be surprised if we saw R420.00 in the coming weeks. Given the information we have on the additional $1 Billion over-spend on the project, I think this morning's move is a MASSIVE over-reaction and many many forced sellers got hurt. Be brave and get back in
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.