$JSESOL - Sasol Ltd: Is That A Double Bottom?
Sasol has found buyers twice at the 22136 region creating a double bottom.
The pattern has not yet been confirmed.
To confirm the pattern with conviction, bulls have to clear 25960 and preferably with higher than average volume of the last few sessions.
The stock is also faced with overhead resistance from the trendline.
The double bottom outlook will be invalidated by a break below 22136.
The pattern has not yet been confirmed.
To confirm the pattern with conviction, bulls have to clear 25960 and preferably with higher than average volume of the last few sessions.
The stock is also faced with overhead resistance from the trendline.
The double bottom outlook will be invalidated by a break below 22136.
