JSE:SLM Everything says don't do it. The trend is exceptionally strong with this one. But if you have a penchant for masochism, note that: - Momentum has slowed in recent days. not faded, but slowed. - RSI @77 is ready for some normalization - MACD has slowed and started abating somewhat. Technically it looks like it's stalling in a nicely defined supply...
Entry only if the resistance line breaks! Take profit and Stop loss are marked on the chart. Good Luck!
Smooth Love Potion token, popularly known as the SLP token, is one of the most sought-after coins in the 2.6 trillion dollars crypto market. SLP price analysis is sluggish for today, with data from CoinmarketCap showing a 26.16% drop in the trading volume of the token. On the other hand, the price has action has been quite bearish for the past two months, with a...
Well, everything on the globe is being marked down, and this includes SA banks & financials, despite much improving underlying fundamentals. Prices for all of them are now under their 5EMA which is under their 15EMA. In this weak sentiment environment I'm looking for them to give back another 5% or so before bargain hunters like myself can't resist the risk. ...
$SLM gained a further +5.17%, via a second display of Open Drive price action behavior within the last 10 trading session. Since the start of 2021, $SLM have accumulated a total gain of +43.10%, with majority of the gains effected from the rebound back above its 20DMA on 28th January 2021 onwards. With $SLM already broken out of its uptrend channel convincingly...
3 month long channel on $SLM 20% drop is big... but still in line with price action. Anything below $6.50 is cause for concern in the next 2 weeks. RSI on the daily is almost oversold. Would expect the selling to slow in the next 3-5 trading days. Patience is key.
Sanlam has spent the last couple of weeks consolidating in the form of a bearish rising wedge formation. The move higher off the lows has appeared on lower volume which gives bulls little confidence in this move. Should we manage to see a convincing close below the rising wedge at +- R56.00, this rising wedge could play out with a downside target of R41.50. What...
I think the JSE:OMU rerating relative to JSE:SLM is overdone and I am looking to enter the pair around 0.2462 with a target of 0.27 (TP1) and 0.275 (TP2). My stop-loss is set at 0.234
The Sanlam Group is one of the largest established financial services groups in South Africa. Established in 1918, the group demutualised in 1998 and Sanlam Ltd then listed on the JSE Ltd. and the Namibian Stock Exchange. The group has business interests elsewhere in Africa, Europe, United Kingdom, India, the USA and Australia. Daily: We can see an impulse move...
Shares of DSKX continues to rally from last week after they held a conference call to discuss the recently announced agreement to acquire Radiancy, Inc., a leading developer of consumer medical devices and the Neova® dermatological products. It appears investors are beginning to notice the financial value this new deal brings and the future outlook of the company,...
Been accumulating SLM. Adding at today's open. Sallie Mae is the ONLY govt sponsored Biz Entity to be almost unscathed during the 2008-2010 debacle that bought down FNM- Fannie Mae ; and FNM- Freddie Mac. Per share dividend yield is 6%. Cd's and Govt Bonds are paying much less. If you're patient and want to hold to 5 years - Look for $ 24/ per share and 8% per...