Peet_Serfontein

SOL: attempting the Fibonacci levels

Long
JSE:SOL   SASOL LIMITED
A price action above 24300 supports a bullish trend direction.
The 38.2% Fibonacci level might act as some support.
Increase exposure for a break above 24700 (50% Fibonacci level).
The target price is set at 25200 (its 61.8% Fibonacci level).
The Stop-loss is set at 23800.
Remains a very risky trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.