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.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
