$JSESLM - Sanlam Ltd: Bullish Above R46,86
From the April 2022 peak at R73,20 Sanlam stock corrected strongly to what appears to be a potential bottom at R46,86.
The decline unfolded in five waves and bullish MACD/price convergence with a MACD trigger signal increases confidence that a reversal is imminent if it has not already began.
I highly recommend a stop-loss below R46,86.
The decline unfolded in five waves and bullish MACD/price convergence with a MACD trigger signal increases confidence that a reversal is imminent if it has not already began.
I highly recommend a stop-loss below R46,86.
