Best Probability Demand-Supply Zones: SBK, WHL, SLMBest Probability Demand-Supply Zones: SBK, WHL, SLM From my research notes today. For access to frequent insights, get in touch today. by techpers1
Pair trade: Selling SLM vs Buying OMUOMU likely to outperform SLM? A price action below 4.9240 supports the idea that SLM is likely to underperform OMU. Increase the short exposure for a break below 4.8725, The target price is set at 4.6680. The stop-loss price is set at 5.1285 (upper range of the linear regression channel pattern. Notice how the linear regression channel pattern is sloping downwards (supporting SLM to underperform OMU). A life insurance pair trade idea involves taking a long position in one life insurance company (OMU) while taking a short position in another life insurance company (SLM. The goal of this strategy is to profit from the relative performance of the two companies. Shortby Peet_Serfontein0
DOUBLE COMBOSanlam is trading in what I believe to be a triangle at X-wave. A breakout to the downside will confirm our bearish bias.Shortby KatlehoThaba1
SLM: some rebounding?The chart is the 4-hourly chart. A price action above 5400 supports a bullish trend direction. Increase long exposure for a break above 5600. Target is set at 5700, which is the middle of the Bollinger Bands. Stop-loss at 5400 and will negate the bullish bias as well. The stock recently started rebounding from oversold territory (see the lower panel). The share is rebounding from its oversold condition, indicating that buyers have entered the market, and the share's price is likely to increase in the near term. This type of correction can be seen as a sign of a potential reversal in the share's trend and may signal a buying opportunity for traders looking to take advantage of the rebound. Furthermore, the share crossed above its 200-day - changing the sentiment towards it. Remains a risky trade.Longby Peet_Serfontein0
SanlamA break of that resistance area on Sanlam may expose 67 as next possible target!by Innocentmaponde111
Sanlam breakoutJSE:SLM breakout with massive volume. The price is also above the 2022 mid-August high of R59.50/share. Financial services could be onto something.Longby Trend_Trader_JSE2
SANLAMSanlam bounce of the lows a recovery is at play R61 rand is on the cards even a move higher to R72 is possible Longby Sbo_Dhlamini1
$JSESLM - Sanlam Ltd: Bullish Above R46,86From the April 2022 peak at R73,20 Sanlam stock corrected strongly to what appears to be a potential bottom at R46,86. The decline unfolded in five waves and bullish MACD/price convergence with a MACD trigger signal increases confidence that a reversal is imminent if it has not already began. I highly recommend a stop-loss below R46,86.Longby Loyiso_BlaqueSoros_Mpeta1
SANLAM - Triggered and looking goodA short was triggered on JSE:SLM this morning and it has already moved quite nicely in our favour. Let's hope this momentum continues all the way to our take profit level.Shortby RossLarter4
RISING WEDGE FORMATIONThe 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!Educationby thesharkkeUpdated 441
SANLAM - LongWhen JSE:SLM breaks through the 5230 level we will enter long based on the stochastic, MACD and the crossing of the two EMA's.Longby RossLarter1
Leg C of 335 ABC CorrectionSanlam is in what looks like a 3-3-5 Elliott Wave Correction. It has formed a Head and Shoulders pattern, but yet to break the neckline. We can see a drop to 2000 region should the neckline break.Shortby KatlehoThaba0
SLMAccording yesterday’s pre-market price action model (see extract on chart), the setup was to sell on a failure to holding the highs. The share closed lower by 3.14%. For more on how to use the model to find opportunities, get in touch today.by techpers1
SLM Sanlam SLM (Last Close 6206c) - Considering The Potential For An Ultra Short Term Bullish (Buy/Long) Reversal. Pre-Market View. Last week Tuesday (pre-market) the provisional sell range was 6820-6860c. The share traded into the mid-point of this zone (on the same day) with a print of 6840c and as at yesterday's close, declined by 9.2% or -634c. Yesterday's session saw the share close lower by 2.76% and is approaching it's short term incline trend line support. The 7-day RSI is 30 (weak, but 'near oversold') and the 7-period 4-hour RSI is 16 ('oversold'). Also noted is the share trading at 2.5x it's 20-day linear regression channel. Potential Scenario For Today: The share opens lower and crosses below the trend line, then attempts to reclaim it (either via a 'doji' developing today with follow-through tomorrow or a long lower wick). This is approximately in line with the swing lows of 19 May however could also trade as low as the swing lows of 13 May (see green shaded area). This is approximately in the range of 6055-6130c (Please note: We could also overshoot this range and failure to hold this range with deteriorating price action will temporarily invalidate the idea). The yellow arrow represents a potential price path however is not guaranteed to play out in this manner. An alternative scenario would be the price opening higher today thus traders could wait until the provisional level is reached for the idea to be triggered.Longby techpers1
SLM - Covering Short Idea SLM - last week Tuesday I published this short/sell for clients, based on: 1. A 'near overbought' rating 2. Test of 61.8% FIB. From ~6800c, we are seeing a print of 6400c (down by 5.8%). Not a high conviction level to go long but we could see it rebound moderately as it back-tests the trend line breakout and nears the incline support. Now 6394c, this may be a level to cover the short/sell.by techpers0
AG Capital -Storm trading Morning Call 20 April 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE. 02:18by Mike_Ledwidge2
Piercing Line Pattern on SANLAMA piercing line candle pattern has formed on JSE:SLM . This is a good bottom reversal signal. If it plays out, we could be seeing a nice upward move from here. Target levels at the highs from mid-Feb.Longby RossLarter1
SLM retest of breakoutSLM broken out of a long consolidation and retesting the previous resistance. First target will be R72 and second target R80. Trade ideas are my own and not financial advice.Longby jhwolmarans1
Potential Inverted H&S on SanlamAn inverted H&S is forming on JSE:SLM . It hasn't quite reached the neckline, but it could potentially do so soon. Our momentum indicators are also showing a buy signal. If it breaks the neckline, I will enter long.Longby RossLarter114
Relative Ratio: JSE Insurers vs JSE BanksThe following content is an extract from this morning's client research. In terms of single stocks, one of my ideas is a local pairs (market neutral) trade idea from the commodities/mining sector. For more insights and real-time ideas, or if you are considering an alternative trading services provider get in touch today. Another chart/insight published to clients is the attached ratio chart highlighting the performance of JSE Insurers vs JSE Banks. I think this ratio/relative chart is something we need to pay attention to over the medium term , especially from a relative sector allocation perspective. Text as follows: "JSE Insurers (Equally-Weighted) vs JSE Banks (Equally Weighted) | The daily chart shows insurers potentially starting to outperform vs banks as it develops a double bottom formation while the weekly 14-period RSI (lower panel) shows the indicator printing a positive divergence." Disclaimer: The above content should not be considered an investment recommendation. by LD_Perspectives1
JSE:SLM Long oppsPrice breaking higher out this triangle and closing above the EMA200. There is a key technical SR level at 6500 and price needs a close >6550 to show continuation of bullish price action. Good spot for a long pos here. Always manage your riskLongby AcolyteTrader1