SANLAM LIMITED
Panjang

$JSESLM - Sanlam Ltd: 4686 Holds Firm, Will Bulls Re-emerge?

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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.

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