A price action above 29500 supports a bullish trend direction. Increase long exposure for a break above 30000. The target price is set at 30900 (its 100% Fibonacci retracement level). The stop-loss price is set at 28700 (its 50% retracement level). Remains above its 200-day and a correction to its 200-day simple moving average will be regarded as an opportunity to...
Not my favourite market to trade due to the high volatile nature. But the analysis has shown, upside is likely to come. The price is above both 20/200SMA and it's formed a Cup and Handle pattern. Conservative traders might wait for the retrace and bounce before getting it. Aggressive traders would already be in it. BUt the target for Santam will be...
Santam, recognized as South Africa's leading short-term insurer, commands approximately 22% of the market share. Distinct from engaging in endowment insurance, annuities, or investment insurance, Santam specializes in insuring assets such as buildings and vehicles, and protecting individuals against significant risks like income loss due to disability or death....
Santam (SNT) is South Africa's largest short-term insurer with about 22% of the market. This means that it does not engage in endowment insurance, annuities or any kind of investment insurance. It insures assets, like buildings and vehicles and individuals against risks which they cannot afford such as the loss of their income through disability or death. Santam...
Santam large Cup and Handle formed, broke above the brim and now is going to test the support. This will provide a conservative entry if we get a bounce back up. 7>21>200 - Bullish RSI>50 Target R345.37 The warning is that it's been moving in sideways range for over a year, and it often peaks then drops and continues. As the JSE ALSI is in a bear market at...
SNT trading in a range between R275 and R300. My preference will be on the long side. Trade ideas are my own and not financial advice.
Hourly, daily & weekly moving averages looking good for this short term insurer.
A price action above 26600 supports a bullish trend direction. Breaking below this level will negate the bullish bias. RSI leaves enough room for further upside price potential. Remains above its 200-day simple moving average. Increase exposure as the trend is developing further. MACD crossover (lower panel) also supports a bullish trend direction.
Improving confluence of technical trend indicators
Santam | The share's monthly RSI has broken below an 11-year support zone and is now at the lowest levels it's been at in 18 years. For long term holders, this is not a positive technical development as it suggests a long term technical shift from bullish to moderately bearish. The key demand/supply zone of 246 has struggled to hold, opening up 214-216 as a next...
Another one where the distribution has completed. After going overbought when it spiked through the upper trendline a buying climax (BU) was formed in 2018. After that Santam was trading in a distribution trading range. After an upward thrust (UT) price has been unable to break above the 200 SMA and Yearly Pivot Point and formed a last point of supply (LPSY). Now...
Short term insurance leader losing momentum over the medium term. Caution from an equity portfolio perspective.
Price has retested the breaklevel and targeting R265 (head & shoulders pattern and 200ma weekly level) . A close above the daily 200ma will be warning of a possible comeback by the bulls.
Santam is still trading in a range. Needs to break 340 to the upside convincingly.