Tuesday, 09 April 2024 | 06h30
Reading Time: 1 Minute
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SOL Sasol Ltd | UPDATE: Yesterday the share reached a high of 16535c, which is a 23.6% (ungeared) gain from the triple buy signal published to Unum Capital clients on Tuesday 19 March (pre-market). The move was supported by the group's market updated regarding it's appealing being upheld regarding the Secunda sulphur dioxide emissions. For short term traders, the large gain may be an opportunity to reduce buy/long positions into further strength with the possibility of re-entering on a pullback. Do however note that bullish momentum is high which means that we could see further gains on the back of the announcement.
The reading from yesterday's end of day Tactical Trading Guide as well as the updated chart, is shown below.
The original comment, as published on Tuesday 19 March, is shown below.
Lester Davids
Analyst: Unum Capital
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