AcolyteTrader

Long idea on SLM

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JSE:SLM   SANLAM LIMITED
There is a nice ascending triangle setup forming here. Price is currently testing the 200WEMA which is acting as resistance with the trend line, A close above 6500 and a long position can be initiated with a ST limit at the Jan2020 highs at 7880. This trade has good RR, and the LT trend is still up. As always manage your risk. Good luck out there

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