AcolyteTrader

Long idea on SLM

Long
JSE:SLM   SANLAM LIMITED
There is a nice ascending triangle setup forming here. Price is currently testing the 200WEMA which is acting as resistance with the trend line , A close above 6500 and a long position can be initiated with a ST limit at the Jan2020 highs at 7880. This trade has good RR, and the LT trend is still up. As always manage your risk. Good luck out there

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.