$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.
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.
