Trading Sanlam (+10%): Longs Getting Paid

Trade Sanlam with Unum Capital.

To get started, email lester@unum.co.za

We wrote about Sanlam on 28 January, highlighted the price action guide (tactical trading guide) in real-time. This post also highlights the model reading on Friday 24 January which alerted and prepared traders for an opportunity to build a buy long position.

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Previous Post (28 January): Trading Sanlam: Actionable Areas (+Price Action Model)

Consider partially covering any short/sell positions. This is what the price action model says:

• Note the long term reading (5 to 8 weeks) which alerts us to look for support at any previous swing low (see circled area). Also see the chart for potential support at the previous swing lows.

Lester Davids

Analyst: Unum Capital