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

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.

ความคิดเห็น:

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

ความคิดเห็น:

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

ความคิดเห็น:

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