AcolyteTrader

$SAP possible long opp

Long
JSE:SAP   SAPPI LTD
Looking at SAP here and price is breaking higher above this ascending triangle. A long pos can be initiated when price closes >4800. Tread carefully when taking long positions as the LT trend is currently down and priceis just below the EMA200 onthe weekly chart. As always manage your risk

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.