Momentum kicking in for the upside?

Since December 2022 Sanlam has been in a steady upward movement. The MACD is making a bullish crossover and the share is +-12% higher than the 200-day SMA, confirms the direction for long.

Direction: Buy
Target: R70.96
Stop loss: R62.71
Risk/Reward: 1.5

Traders/Investors should always make their own analysis, the idea posted is just a guideline. Risk management is always your number one priority.