alexwoe

Long SAP if low volume area will be hit

Long
XETR:SAP   SAP SE O.N
Since 22nd of October 2020 the stock has a bullish trend below the SMA 200 line. It seems it will consolidate and cross or bounce from that line in a couple of weeks.

Considering the low volume areas in between 115€ - 120€ and even more low volume between 125€ - 135€ the stock has potential to go up very fast.
The recent news and IPO of Qualtrics ( NASDAQ:XM ) are supporting the bullish trend .

Considering the MACD and RSI the stock may consolidate for some time until it goes up.

This is just a personal idea and no recommendation.
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