Sanlam has bounced off the neckline of a bearish head and shoulders pattern for a second time now. I am of the opinion that the 200 Day moving average will act as resistance and we'll see a leg down soon. With Financials under pressure following that shocking GDP number, this stock needs to play catch up (to the downside). I have shorted at current levels for a big move down to R67.00. BUT! I have given my trade a lot of room in terms of my stop-loss. Stop is set at R80.20 which would signal a break-out. Cheers