Dear subscribers and visitors, welcome back to another analysis on SAP.
SAP
The price movement of SAP looks very good and last friday i decided to open up another long position.
I am convinced that we formed two solid 1-2 setups and will now start our journey to much higher prices.
Primary scenario:
In the next days and weeks we will reach prices above 110 or even more.
SAP is still massively undervalued and a longterm investment in this company will pay off.
Alternative scenario:
There is a possibility that we will correct back to prices ranging from 96-92.
However this will be only a short pit stop and we will start wave 3 from there.
Keep in mind that this is a buy and hold position - unleveraged and without a stop-loss.
Long 2#
Entry: 101.74
Profit target: 150 and more !
Stop-Loss: None - Buy and hold
Long 1#
Entry: 97.23
Profit target: 150 and more !
Stop-Loss: None - Buy and hold
SAP
The price movement of SAP looks very good and last friday i decided to open up another long position.
I am convinced that we formed two solid 1-2 setups and will now start our journey to much higher prices.
Primary scenario:
In the next days and weeks we will reach prices above 110 or even more.
SAP is still massively undervalued and a longterm investment in this company will pay off.
Alternative scenario:
There is a possibility that we will correct back to prices ranging from 96-92.
However this will be only a short pit stop and we will start wave 3 from there.
Keep in mind that this is a buy and hold position - unleveraged and without a stop-loss.
Long 2#
Entry: 101.74
Profit target: 150 and more !
Stop-Loss: None - Buy and hold
Long 1#
Entry: 97.23
Profit target: 150 and more !
Stop-Loss: None - Buy and hold
Trade active:
Both positions are open like described...
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Hold your positions, this correction won't last long.