Sasol ready for 5th upwards wave?

2020年5月17日

Sasol ended the week (15 May 2020) on a positive note completing wave 4 of Elliot wave. It also ended above the 10 and 20 EMA. Taking the upwards trajectory of oil into account, the next week could be the start of the final upward wave (5). If it breaks up, target price to complete wave 5 is +/-11600.

My trading idea should not be construed as financial advise.

2020年6月2日

交易結束：目標達成

Sasol completed the 5th wave in an untidy but spectacular fashion. I closed my position today. Will keep an eye on this one but uncertainty about the possible rights issue makes further play risky in my view.