Trade Sanlam with Unum Capital.
To get started, email lester@unum.co.za
On 28 January, we discussed Sanlam as a buy/long opportunity with the model being a major driver of that view.
The result? An +11% Rally.
Since then the share traded into overbought and gave another sell reading via the model.
Check out the time-stamped reading below.
Volatility Equals Opportunity. Well done to those who are capitalizing.
Previous Post (21 February): Trading Sanlam (+10%): Longs Getting Paid
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.
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
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