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.