See link below for previous analysis
Sanlam has had a good run since the last update and has traded as forecasted.
An update of the wave count shows a triangle consolidation for wave 4 and wave 5 looks to be unfolding as an ending diagonal.
The MACD is trending lower as price continues to creep higher. This divergence is a caution that price momentum is waning to the upside.
With the wave count at a mature stage and loss of price momentum, if not already in the stock I would sit on my hands and if already in the stock, use a trailing stop and protect profits.
Sanlam has had a good run since the last update and has traded as forecasted.
An update of the wave count shows a triangle consolidation for wave 4 and wave 5 looks to be unfolding as an ending diagonal.
The MACD is trending lower as price continues to creep higher. This divergence is a caution that price momentum is waning to the upside.
With the wave count at a mature stage and loss of price momentum, if not already in the stock I would sit on my hands and if already in the stock, use a trailing stop and protect profits.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.