Bullish Weekly Chart: Flat Top Triangle

23 Oca 2021

Sasol has entered into 2021 with a breach of a major diagonal trendline along with showing signs of bullish PA around the accumulation zone @ ~140. The current setup resembles that of a flat top triangle that could give us a target closer to the Yearly R1 Pivot @ 300 if it can manage to take out the yearly high @ 175. Following a breakout, there will be resistance @ 215 from previous major resistance as well as a likely meet-up with the weekly 100 SMA. Also since the price is currently trading on the Yearly Pivot there is a chance for some consolidation in the area between 160 and 215