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TrendBridge
May 28, 2020 8:32 AM

SAP Long Idea Long

SAP SE O.N.XETR

Description

Logic: Above 252D EMA & Yearly Pivot, confirmed uptrend.
Entry: €110-€111 area.
Stop: daily close below 21D EMA (€108.45, -2.29%) or (€104.50,-5.80%).
Target: €125

Comment

Remains strong and appears well supported but seems to be losing steam at the
€120 's level. Can push higher but outlook is for limited upside from here.

Comment

Target reached 23/6
Comments
virtualtechie11
@TrendBridge good idea mate, seems like forming an acesnding trinagle and the last candles look good and last volume candle is through the roof
TrendBridge
@virtualtechie11, nice, thank you for point ascending triangle out.
virtualtechie11
@TrendBridge, dam i was about to place the trade only to realise germany is closed lol, might place it on american exchange
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