RossLarter

SANLAM finding support on the 200 moving average.

Long
RossLarter Updated   
JSE:SLM   SANLAM LIMITED
SLM broke the downward trend that it was trading in since July 2020 when it formed higher highs in early November 2020. Since then, it has been consolidating and has found significant support on the 200 Moving Average. I will wait for a breakout of the consolidation zone, and if it breaks through the 6000 level, I will consider a long position.
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