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RossLarter

SOL - Break above resistance could mean upward move

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SASOL LIMITED (JSE:SOL)  
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JSE:SOL   SASOL LIMITED
Trend Analysis Head and Shoulders Support and Resistance jse ALSI ZAR southafrica sasol
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trendanalysis headandshoulders supportandresistance jse alsi zar southafrica sasol
A small inverted head & shoulders pattern has formed on SOL in the recent past, but it is yet to make any significant upward move because of it. It came up and tested a strong resistance level on the 10th of Nov and then retraced back down. If it comes up again and breaks through that resistance line convincingly, I will consider entering a long position.
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