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Fib retracement on SLM

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SANLAM LIMITED (JSE:SLM)  
RossLarter  
JSE:SLM   SANLAM LIMITED
Technical Indicators Trend Analysis
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indicator trendanalysis
SLM is in a short term downward trend at the moment and has retraced perfectly to the 61.8 Fib level.
It has started to turn down again and could be heading for the 161.8 level which happens to be a major support level from the past
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