Saturday, 10 June 2017

SLM

Sanlam is one of the largest established financial services groups in South Africa, providing financial solutions to individual and institutional clients. It has a primary listing on the JSE and a secondary listing on the Namibian Stock Exchange.
 
Current price action is supported with big, increasing volume (B) and a successful test of the trend line support (C). With the oversold Stochastic (A) start pointing upward and a break of the short term trend line (D), might result that the price will return to the Pivot Point at 6971 or previous highs at 7100 price levels.

 
Trade with caution as the markets are very unstable and uncertain.
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