Description
⋅ Since the last update, Sanlam formed a Falling Wedge, The price broke up and out of it and headed up.
Then the sellers kicked in and tried to bring the price back down. However, the new established support was proven to be what kept the bulls strong.
This was also a great opportunity to go long and buy the conservative entry level.
Before we knew it, the price headed straight to its first target of R63.69.
So what now. Look the trend is up, the JSE is up. So might as well stick with the trend and look for the next buying opportunity.
But I'll let you know.