Sanlam limited

٢٠ أكتوبر ٢٠٢١

I've taken a position in Sanlam at R62.52, expecting it to break 20% to the upside within the next 6 months.

I have a stop loss at around R54 - which will confirm a lower low.

At the moment, I am seeing an ascending triangle formation with strong resistance at R65, and higher lows after each pullback.
I believe it will break to the upside as this is a bullish.

Let's see how it plays out.