thesharkke

RISING WEDGE FORMATION

Education
thesharkke Premium Updated   
JSE:SLM   SANLAM LIMITED
The rising wedge is a reversal pattern that can be used in trading. In this chart there is a bigger correction & the rising wedge is forming. I expect the price to break down sharply to the bottom.

We are also looking at zero crossover to confirm the medium term sell

Good luck!
Trade active:
Trade active:
Trade closed: target reached:

For more analysis of stocks from a technical eye + Fundamentals or to reach out to me

Telegram: https://t.me/stocksfromtechnicaleye
Slack: https://kaliqtraders.slack.com/
WhatsApp: +254715120106

All the best!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.