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runyamhere
Jun 25, 2023 9:14 PM

Sanlam (SLM) In Time for Weekly Drop Short

SANLAM LIMITEDJSE

Description

The weekly view of Sanlam shows the share is in week 27 & ended the week with a reversal candle. The drop towards weekly cycle low must drop to below the pink upwards slopping support line. Once we reach that point we look for a turn to the upside, however the drop must not go below R46.86. Current price can also be seen to turn away upon hitting the 200 week moving average.

Trade closed: stop reached

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