Mendenmein-Capital

SAP - Double down

Long
XETR:SAP   SAP SE O.N
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
Trade active: Both positions are open like described...
Comment: We might see another wave 2 correction which will bring us to 95Euro.
Hold your positions, this correction won't last long.
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