Looking at Sanlam, we may derive the following from the weekly chart: 1. Price sold sharply, as at the current weekly candle. 2. Price generally sells off at the 80-82 zone. 3. It is appearing more and more likely that price will continue lower. 4. Pay attention to the blue trend line. 5. As always - maintain your risk management. Let's see what...
JSE:SLM Testing strong resistance at 80.00. Clear sideways consolidation. Break up will bring more upside.
JSE:SLM is showing a bearish harami at support which could signal a short
Sanlam has bounced off the neckline of a bearish head and shoulders pattern for a second time now. I am of the opinion that the 200 Day moving average will act as resistance and we'll see a leg down soon. With Financials under pressure following that shocking GDP number, this stock needs to play catch up (to the downside). I have shorted at current levels for a...
JSE:SLM has broken through the descending resistance line as well as showing a bullish harami. If it closes above this line, I will consider entering a long position.
JSE:SLM Tested support around 7100 once again. Break bellow will be quite bearish for the stock.
JSE:SLM Trading in 7500-8000 box over last two months, currently testing bottom of the box. Break bellow will open 7000 as target.
Sanlam managed to break its own upward trend back in March and has now made three attempts to resume it. Significant patterns here as the much larger head and shoulders seems to have failed but there is another smaller head and shoulders forming just below that previous trend line. Does that mead the larger pattern is back in play? I certainly think so. If current...
Dear Trader As a proxy for global equity markets, life assurance company Sanlam (SLM) has managed to hold onto share price gains despite the lackluster local economic outlook as well as the subdued global macroeconomic backdrop. Despite China also having released 'fair' economic data, global equities across the board on Thursday trade slightly lower while the US...
I am entering with the sellers towards the bottom demand zone which is also confluence with the Quasimodo Level
JSE: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.
After bear flag break this one is basically on the target
Bear flag break and 7250 target looming
Sanlam 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.
JSE: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 past