Sappi

UPDATE SAPPI Target reached at R56.60 - Omwards and Upwards SAPPI has performed great since it broke above the Symmetrical Triangle,. The analysis was done in February, it broke above the Apex and since then has rushed to its first target at R56.60. No ways, is this worth a punt to the short side. We can now expect some sideways chop, possible pattern form and then will provide another buy signal. What is the opposite of Timber!!!! ?

SAPPI looking shap! Target potential to R56.76 Symmetrical Triangle seems to have formed on Sappi. Now on the contrary of a Symmetrical Triangle being a Continuation pattern, it is possible for a reversal to take place in this instance. We have the converging of the trendlines where the price has reached an apex. Strong buy divergences and price action to the up. It's a bit premature to BUY just yet but I anticipate a breakour to the upside. Then full steam ahead. Other peripheral indicators confirm upside: 7>21>200 RSI>50 (Buy div

TIMBER! For Sappi to R20.00 due to Short Formed M Short Formed M Formation is evident. This is a normal Double Top but the second one has a lower high than the previous. This indicates even stronger selling pressure for the company. With it broken below the neckline, the next price level it can go to is at least R20.000 Other indicators confirm: 21>7 (Bearish) Price<200 - Bearish RSI<50 (Lower highs) Target R20.00 ABOUT THE COMPANY Sappi Limited, originally known as South African Pulp and Paper Industries, is a multinational compan

TARGET REACHED: Sappi struck through the first price of R40.60 Symmetrical Triangle formed on Sappi, the price broke below the apex and the price chose the bias of down. We had other indicators showing bearishness such us. 200>21>7 - Bearish RSI<50- Bearish Target reached at R40.60 The trend is still down and we will need the next formation to form before we decide what to do next. I'll keep you updated. ABOUT Sappi Limited was founded in 1936 and is headquartered in Johannesburg, South Africa. Sappi's name is derived from its original name, South A

TRADE UPDATE Sappi breakdown with a markup before drop to R40.60 Symmetrical Triangle formed on Sappi. Broke below and has been coming down nicely. 200>21>7 - Bearish RSI<50- Bearish We recently had a markup phase which is where the orders are being filled from the recent drop. We need to retest the high (resistance) and price should come down. If it breaks above, it will be wise to place a stop loss and lock in profits as the trend will have turned up. Right now, still bearish with a target to R40.60

SAPPI On the way to target R42.39 Symmetrical Triangle formed and price broke below. 200>21>7 - Bearish RSI<30 - Bearish Since then it's been swimming to the price target of R42.39. We can just wait until the trade plays out.

Sappi showing strong downside to R42.39 thanks to a Triangle Symmetrical Triangle formed on Sappi. This is where a pattern moves neither up or down just sideways. We then had a break down, which confirmed the trend direction. 200>21>7 - Bearish RSI<30 - Bearish Target R42.39 INTERESTING FACTS Sappi Limited is a South African pulp and paper company founded in 1936. The company has operations in over 40 countries across the world. Sappi produces a variety of products, including printing paper, packaging paper, and speciality paper. The company is the wo

Mondi JSE:MNP is trading near an area of value. If there are buyers, the stock may break above this level. However, there is a potential overhead resistance near R367. Is the potential reward worth the risk?

by Trend_Trader_JSE

Go SAPPI Go!!Big move in SAPPI today. Would like to see a close above 5438 and target of 7180

Shree Ajit Pulp SAPPL @319 looking good for 370+ with SL 307 in short to mid term

by Dennis-trader

Go long or go home target price is R40 per share and R35 per share

SAP - Long Idea SAP made a bullish reversal candle last week at a point of support (R23). Long idea will trigger if we get a break above last week highs of R24.62. Stop loss below R22.50 with 1st target at R26 and then on trail stop loss of previous week's lows.

by JonathanOtero7f

SAPPI is buy This is not a financial advise. These are my thoughts on Sappi Long hold - Would you buy this gem ? Monthly sitting on the historical support. This is as easy as it gets. Wait for the break buy the retest. $SAP #SAP #JSESAP #SAPPI $JSESAP #JSE $JSE Goodluck Follow me on twitter @muazcoin

SAPPI a trend reversal on sappi after CEO left for top job at Eskom lets see how it plays out a buy opportunity is possible

by Sbo_Dhlamini

#JSESAP SAPPI Playing "ping pong" in a well defined channel - Short IDEA has triggered again -TP and SL on chart - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

SAPPI approaching strong resistance Sappi $JSESAP is approaching strong resistance. Previous support line turned resistance as well as 50 day MA will provide short term resistance but there is also a longer term downtrend that will need to be cleared at around R42 before entering a long position.

Channel on SAPPI JSE:SAP has been trading in a downward channel for quite a while and has reached the bottom of the channel and seems to be bouncing off. We can expect a short upward move towards the top of the channel. This is also being confirmed by the stochastic.

SAP Broken through fractal level JSE:SAP has broken through quite a significant fractal/support level. If it continues downward, I will enter short.

SAPPI Up against resistance on HOURLY chart - Wait for candle to close to confirm short entry. - SL will be above the high

SAPPI upward move possible JSE:SAP has currently broken through a previous support level as well as a fractal level. If this is confirmed by a close above this level, we can possibly be looking at an upward move.

SAPPI Long Opportunity JSE:SAP formed a bullish harami off of a descending support line which also coincides with a support level from early 2015. It is looking very promising for an upward move.

Looking at a short position on SAP JSE:SAP formed a bearish engulfing candle pattern yesterday which could signal a reversal. This seems to be whats happening at the moment. For the lat couple of months it has been making lower lows quit regularly. If the price breaks through the latest lower low from the 16th of Jan, I will consider entering a short position.

You'll be happy with Sappi at R80.00 Interesting observation on Sappi (SAP.JSE). The bottom of the range coincides (almost) with the 200 day moving average. Becomes a STRONG buy at R80.00. buying here makes it easy to place your stop loss as a breach of the 200 day moving average would signal a bearish break lower. Take profit level is the top of the sideways channel.

Flash note: Sappi Sappi (SAP) chart from Lester Davids, Unum Capital Trading Desk analyst. Daily Chart: Now at resistance and looking slightly stretch. Weekly: Building an Inverse H&S