SLM - strong break through descending trendline

By RossLarter
With Friday's upward move, SLM has convincingly broken through a descending trendline that it has been obeying for quite some time. If it continues upward, I will consider a long position all the way up to the previous resistance level around the 7000 price range. The stochastic, MACD and EMA's are all confirming this upward momentum.
ALSIjsesanlamsouthafricaSupport and ResistanceTrend LinesZAR
RossLarter
Trade directly from TradingView through Velocity Trade. Get started here: suretrading.tradedesk.co/TradingView

For more info about our training and mentorship visit suretrading.co.za

Disclaimer