JSE:SLM Sanlam Back to Test the Bottom of the Trading Range

10. Feb. 2019

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.

5. März 2019

Anmerkung

After a backup Sanlam is continuing to move to the bottom of the TR.

15. März 2019

Anmerkung

There is some high volume indicating supply on the current push down.

24. März 2019

Anmerkung

The path lower to the bottom of the TR is continuing.