This could make you $100,000 or more over the next 12 months…

On July 27 at 7 p.m. ET, Eric Fry and Louis Navellier will reveal a new Supercycle that’s about to grip the markets and how you can leverage this event to potentially make $100,000 or more.

Tue, July 27 at 7:00PM ET

Chemical Company May be Headed for a Meltdown

Sasol Ltd. (NYSE:SSL) – This chemical and integrated energy company mines coal in South Africa and natural gas in other African nations and Canada. The company also has assets in Iran, and there is a risk that sanctions may be imposed on the company by the United States and the U.N.

The company’s earnings have improved, but the stock is in a pronounced bear market with sellers on balance for over six months. Technically it is approaching a huge zone of potential overhead (i.e., sellers).

It is unlikely in the foreseeable future that SSL will break above its 200-day moving average at $50 and move significantly higher. Note the recent sell signal from the stochastic. Sell SSL at market.

Trade of the Day – Sasol Ltd. (NYSE:SSL)
Click to Enlarge

Trade of the Day Chart Key


Article printed from InvestorPlace Media,

©2021 InvestorPlace Media, LLC