VillageTraderZA

Sappi holding the 50d EMA nicely

Long
JSE:SAP   SAPPI LTD
Account balance: R8013.80
Entry: R47.58
Stop loss: R39.72
Risk per share: -R7.86
Quantity: 16.20
Risk ZAR: -R127.33
Risk: -1.59%
P&L: +R33.66 (+0.2%)

Sappi has been looking quite nice. It tested the 50d EMA holding it quite nicely. Ending the week with a bullish engulfing candle. There’s a decent resistance level at around 4702c. Looking for a close above my last entry level at 4758c then I will add to the position

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