As expected, negative outlook on Sasol share price continues as we see Sasol losing 7% today and passing through the R 98 support line and providing an underwhelming rebound just below the support. Its safer to assume the trend will continue although a rebound at this point is possible but not worth the gamble. Im not even considering a partial buy in, considering the opportunity cost of investing in Sasol at this point. If Sasol does reach 80 or even 90 per share, perhaps we can revisit the possibility of buying in depending on the level of trajectory it takes to reach those points.
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