SLM sideways channel from April '18JSE:SLM has been trading in quite a strong sideways channel since last year April. It is likely that it will bounce off of the bottom of the channel and head upwards.Longby RossLarter3
$JSESLM Sanlam. 10c Away from targetAfter bear flag break this one is basically on the targetby KoosKanmar3
JSE:SLM Sanlam Back to Test the Bottom of the Trading RangeSanlam has formed a trading range (TR) with a selling climax (SC), automatic rally (AR) and secondary test (ST) of the SC. After this, the stock has moved into Phase B and upthrust (UT) testing the top of the TR. With contracting volume, a drop to test the SC in phase B can be expected. This could see a decline to test R70 or R65 before continuing the TR.Shortby SteynTradeUpdated 4
Fib retracement on SLMJSE:SLM is in a short term downward trend at the moment and has retraced perfectly to the 61.8 Fib level. It has started to turn down again and could be heading for the 161.8 level which happens to be a major support level from the pastShortby RossLarter1
$JSESLN Sanlam building what could be a bear flagSanlam lacked momentum above 8100 level and are now trading back in what looks like a channel. In that channel it is building a bear flag that if broken could challenge the bottom of that channel. A lot of if's, but's and maybe's here. Shortby KoosKanmar4
Sanlam posed for a breather !Sanlam setting up for a breather after the strong distribution zone at R 84 – R 86 (trade resistance) holds. Of the view the stock will take a breather and consolidate around the trend support located at around the R 73.00 / R 75.00 levels.Shortby Logaro1Updated 3
$JSESLM Watching for clues on next possible moveNeckline of what seems to be an inverted head and shoulders to be retested. If the neckline holds, it might give some clues as to the next move up. by KoosKanmarUpdated 2
Expecting a reversal soonThe 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 on the left of the chart from the high and there is currently a corrective structure formation taking place. I believe that we are very near the reversal point which will indicate the end of wave 3 and the start of wave 4 to the bottom of the structure. From that point I will need to see either a confirmation of a reversal for wave 5 before the big move to the downside or alternatively a break of the structure at the bottom of wave 4. I will be watching lower time frames for confirmation of the breaks or reversals.Shortby Linton_White2
$JSESLM - Previously mentioned 8080, but 8180 important levelWatch for momentum above 8180. Upper targets depicted on chart. by KoosKanmar2
$JSESLM - Watch 8080 targetConvincing break of 8080, could open 8700 and 9100 targets. Wait.by KoosKanmar3
Reverse Head & Shoulders on SLMA reverse Head and Shoulders has formed on JSE:SLM . It is currently trading on the neckline and if it breaks out convincingly we can expect it to go all the way to around the 9000 level. This target level is established by measuring the distance between the top of the head and the neckline and copying the measurement on the upside. This level coincides perfectly with a gap that formed on the 27th of March and needs to be closed. Longby RossLarterUpdated 3
Trend AnalysisPatience as it tests the channel. Possible retrace for good buy entries . Possibility of a channel break to test support/resistance zone Patience Patienceby Tebogo_Makofane2
Sanlam Sanlam - Weekly Chart - The price is failing to regain it's position above the upward trend line/incline support. Another share vulnerable to lower levels (valuation slightly elevated).Shortby LD_Perspectives3