Since the last update, Sanlam formed a Falling Wedge, The price broke up and out of it and headed up.
Then the sellers kicked in and tried to bring the price back down. However, the new established support was proven to be what kept the bulls strong.
This was also a great opportunity to go long and buy the conservative entry level.
Before we knew it, the price headed straight to its first target of R63.69.
So what now. Look the trend is up, the JSE is up. So might as well stick with the trend and look for the next buying opportunity.
But I'll let you know.
Then the sellers kicked in and tried to bring the price back down. However, the new established support was proven to be what kept the bulls strong.
This was also a great opportunity to go long and buy the conservative entry level.
Before we knew it, the price headed straight to its first target of R63.69.
So what now. Look the trend is up, the JSE is up. So might as well stick with the trend and look for the next buying opportunity.
But I'll let you know.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.