Traderherz-Analytics

Trading Idea - SAP

Long
XETR:SAP   SAP SE O.N
BUY
Entry: 119.50 EUR
Target: 135.66 EUR (+13.5%)
Stop Loss: 111.50 EUR

1.) technically SAP closes the gap at 122.44 EUR. A correction is expected to the 0.382 Fibonacci Retracement level (114.82 EUR). Trend continuation!

2.) The recently published quarterly figures allow us to assume a BUY rating.

3.) The cloud business is accelerating at SAP.