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SANLAM LIMITEDSANLAM LIMITEDSANLAM LIMITED

SANLAM LIMITED

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SLM trade ideas

SLM Partial Close, Leave The Remainder To RunSLM Partial Close, Leave The Remainder To Run Thus far a +6% gain depending on your entry. Also, my earlier this morning. The short/sell idea is currently in the money between 4.9% and 6.4% (ungeared), depending on your entry. Traders could consider scaling out as the share approaches the target (5532c) or bank/take profit in full. The idea was to sell at 6055c or higher. It traded as high as 6153c, safely away from the stop-loss (6374c). Yesterday's close was 5758c.
JSE:SLM
by techpers
Counter-Trend Masochism, Part 1 JSE:SLM Everything says don't do it. The trend is exceptionally strong with this one. But if you have a penchant for masochism, note that: - Momentum has slowed in recent days. not faded, but slowed. - RSI @77 is ready for some normalization - MACD has slowed and started abating somewhat. Technically it looks like it's stalling in a nicely defined supply zone of R59.90 to R60.84. Nicely defined stop around R63.00 (although you have to scratch back some time to find it) I'm shorting at or around R60.50, target R54.10 stop R63.02. However don't bet the farm.
JSE:SLMShort
by unclecool787
Sanlam broken out of Falling Wedge target to R63.69Falling Wedge formed since 1 Feb 2023. Only yesterday, we had the confirmed breakout showing strong buying and demand. Price>200 Bullish RSI >50 Target R63.69 SMC Below the Wedge we have Sell Side Liquidity Order block. Where Smart money is buying where retail were selling. This gives a strong signal that high buying volume was trumping selling. Very bullish for the stock. ABOUT THE COMPANY Early Roots: Sanlam was founded in 1918, originally as a life insurance company named The South African National Life Assurance Company. Public Company: In 1998, Sanlam demutualised, changing its status from a mutual life insurance company owned by its policyholders to a public company listed on the Johannesburg and Namibian Stock Exchanges. Wide Range of Services: Sanlam provides financial solutions in a broad range of areas, including insurance (life and general), financial planning, retirement annuities, trusts, wills, short-term insurance, asset management, risk management, and capital market activities. Global Presence: Sanlam operates across 33 countries. It has a particularly strong presence in Africa, where it operates in many of the continent's major markets. Five Business Clusters: Sanlam's operations are organised into five business clusters: Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam Corporate, and Santam. Santam Subsidiary: Sanlam owns a majority stake in Santam, which is South Africa's largest short-term insurer.
JSE:SLMLong
by Timonrosso
$JSESLM - Sanlam Ltd: 4686 Holds Firm, Will Bulls Re-emerge?The last coverage of Sanlam was on 2023.01.04 and the wave count was suggestive that a bottom was potentially in at 4686, link below. Sanlam had a strong, impulsive looking rally from 4686 to 6076. The correction to 5021 is a clear three wave move labelled as a double zigzag (wxy). Long positions can be opened at current prices with an aggressive stop-loss below 5021. Price can still correct further down but I will maintain my bullish stance as long as price remains above 4686.
JSE:SLMLong
by Loyiso_BlaqueSoros_Mpeta
Pair trade: Selling SLM vs Buying OMUOMU likely to outperform SLM? A price action below 4.9240 supports the idea that SLM is likely to underperform OMU. Increase the short exposure for a break below 4.8725, The target price is set at 4.6680. The stop-loss price is set at 5.1285 (upper range of the linear regression channel pattern. Notice how the linear regression channel pattern is sloping downwards (supporting SLM to underperform OMU). A life insurance pair trade idea involves taking a long position in one life insurance company (OMU) while taking a short position in another life insurance company (SLM. The goal of this strategy is to profit from the relative performance of the two companies.
JSE:SLMShort
by Peet_Serfontein
SLM: some rebounding?The chart is the 4-hourly chart. A price action above 5400 supports a bullish trend direction. Increase long exposure for a break above 5600. Target is set at 5700, which is the middle of the Bollinger Bands. Stop-loss at 5400 and will negate the bullish bias as well. The stock recently started rebounding from oversold territory (see the lower panel). The share is rebounding from its oversold condition, indicating that buyers have entered the market, and the share's price is likely to increase in the near term. This type of correction can be seen as a sign of a potential reversal in the share's trend and may signal a buying opportunity for traders looking to take advantage of the rebound. Furthermore, the share crossed above its 200-day - changing the sentiment towards it. Remains a risky trade.
JSE:SLMLong
by Peet_Serfontein
SLM Sanlam SLM (Last Close 6206c) - Considering The Potential For An Ultra Short Term Bullish (Buy/Long) Reversal. Pre-Market View. Last week Tuesday (pre-market) the provisional sell range was 6820-6860c. The share traded into the mid-point of this zone (on the same day) with a print of 6840c and as at yesterday's close, declined by 9.2% or -634c. Yesterday's session saw the share close lower by 2.76% and is approaching it's short term incline trend line support. The 7-day RSI is 30 (weak, but 'near oversold') and the 7-period 4-hour RSI is 16 ('oversold'). Also noted is the share trading at 2.5x it's 20-day linear regression channel. Potential Scenario For Today: The share opens lower and crosses below the trend line, then attempts to reclaim it (either via a 'doji' developing today with follow-through tomorrow or a long lower wick). This is approximately in line with the swing lows of 19 May however could also trade as low as the swing lows of 13 May (see green shaded area). This is approximately in the range of 6055-6130c (Please note: We could also overshoot this range and failure to hold this range with deteriorating price action will temporarily invalidate the idea). The yellow arrow represents a potential price path however is not guaranteed to play out in this manner. An alternative scenario would be the price opening higher today thus traders could wait until the provisional level is reached for the idea to be triggered.
JSE:SLMLong
by techpers