Short Term Trade Setup: Sasol

Earnings on 16/08 so traders will need to be out before then.

Buy/Long Technical Drivers:

- Pennant formation, price emerging from this pattern.
- Re-taking the 8 x 21 EMA
- 7-day RSI at 56 and pointing higher
- Holding the pivot

Target is the upper boundary of the 21-day (monthly) and 63-day (quarterly) LRC.

Current: 22184c
Buy here (22184c), or better
Stop: 21610c
Target: 22900c

As noted previously, my main medium term preferred accumulation level is sub-R195...not sure if we get there. Let's see.