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Dear subscribers and visitors, welcome back to another analysis on SAP. XETR: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
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 or want to get signals before i publish them on tradingview, feel free to contact me.
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Comments
Hold your positions, this correction won't last long.