Cheyne54

SAPPI approaching strong resistance

JSE:SAP   SAPPI LTD
Sappi $JSESAP is approaching strong resistance. Previous support line turned resistance as well as 50 day MA will provide short term resistance but there is also a longer term downtrend that will need to be cleared at around R42 before entering a long position.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.