Sanlam broken out of Falling Wedge target to R63.69

Falling Wedge formed since 1 Feb 2023.
Only yesterday, we had the confirmed breakout showing strong buying and demand.
Price>200 Bullish
RSI >50
Target R63.69

SMC
Below the Wedge we have Sell Side Liquidity Order block. Where Smart money is buying where retail were selling. This gives a strong signal that high buying volume was trumping selling.
Very bullish for the stock.

ABOUT THE COMPANY
Early Roots: Sanlam was founded in 1918, originally as a life insurance company named The South African National Life Assurance Company.

Public Company: In 1998, Sanlam demutualised, changing its status from a mutual life insurance company owned by its policyholders to a public company listed on the Johannesburg and Namibian Stock Exchanges.

Wide Range of Services: Sanlam provides financial solutions in a broad range of areas, including insurance (life and general), financial planning, retirement annuities, trusts, wills, short-term insurance, asset management, risk management, and capital market activities.

Global Presence: Sanlam operates across 33 countries. It has a particularly strong presence in Africa, where it operates in many of the continent's major markets.

Five Business Clusters: Sanlam's operations are organised into five business clusters: Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam Corporate, and Santam.

Santam Subsidiary: Sanlam owns a majority stake in Santam, which is South Africa's largest short-term insurer.