RobbyP

I'm giving Sanlam a wedgy

Short
JSE:SLM   SANLAM LIMITED
Another very simple set-up here... SLM making lower highs to form a flat bottomed wedge. I'm looking to short the top and I expect the price to make its way back towards the base. I don't think it will go all the way there so I'll be looking for somewhere near R73.00. The price is looking a little over-extended on the Stochastic RSI so If it breaks back above R79.00 I will pull the trigger (orders are in at 79.30). The stop loss is also easy to figure out...a break out of the wedge will be the signal to exit. I would say around R82.00 www.unum.co.za/
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