Equities Local | Sappi - Short Term Backtest. Another Opportunity To Accumulate | Technically, I remain positive on the medium to long term outlook for the share. Briefly, we saw the price 'top out' at R100. Test the R36 lows - just about at the preferred accumulation zone. In the short term, we see the share back-testing the breakout level, offering a short term LONG for opportunistic traders near the 61.8% Fibonacci retracement level. (I also like this name over the long term, long term buying zone previously recommended at 36-38).