SAPPI LTD

SAP JSE

Dumz

Sappi with a strong day yesterday breaking above R35 resistance and looking very solid on its way towards the R47.80 target.

VillageTraderZA

Sappi seems to respect the bottom of the multi-year range. It did however trade in this R22 - R35 for about four years and some change between 2009-2014. It could take a while before the break through the R35 resistance. If history is anything go by. but waiting for my 30w EMA to cross through the 60w EMA first to confirm the up trend on the share

edscommodities

Sappi 2380-2480...Might have missed it, but still looking. Repetitive H&S targeting lower support of upwards channel.

Trader-Dan

- Sappi is holding above its 200 day moving average and we could have possibly seen the bottom for now - Entries closer to R25 will give a more favourable risk/reward - Stop loss will be below R23 with intial target zone of R35

RobbyP

There could be a quick buck to be made if we get the levels

TradingMzansi

Liking the long term recovery outlook for SAPPI

Peet_Serfontein

Testing major resistance.

RobbyP

Or have we??? Sappi very sneakily breaking out of that wedge pattern. It almost feels like everyone forgot about the stock because nobody was interested. Well I'm interested now. Strengthening RSI and momentum indicator. The break out of that descending wedge can be considered bullish and the convergence of the 21 and 50 day moving averages must now act as a...

bullishjudge

Lets see if it can hit the 200 SM

JonathanOtero7f

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.

Trader-Dan

-SAPPI is breaking out of a consolidation period - Stochastics are oversold - Looking for a move towards the 200ma -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:SAP

bullishjudge

Catching a bid for $JSESAP, down wedge pattern.

StarChaser74

Sappi is in process of completing the 4th Elliot wave and expected to bounce of 2728 before commencing with the final upward wave estimated to consolidate at the 4074 to 4163 price level. Wave 3 was met with resistance, which served previously as support on 27 September, 14 & 15 November 2019. The 4074 level was fierce resistance during the period 16 October to...

Lifesong

Date 15 Jun-20 Time: 16:10 (SA time) Higher swing lows in place - marking uptrend If price remains above 2450 the uptrend is intact Detail of trade on chart Risk Reward Ratio > 4:1

Lester_Davids

This chart forms part of a larger research note. None of the information posted here (TV) should be considered financial advice. SAP has performed well for us, advancing from just above 2100c (at the beginning of May) to the recent high of 3553c. Last week’s 3-day pullback saw the price find support at the rising 21-day EMA which is just above the rising 50-day...

Trader-Dan

- Price rallied hard and has returned to the area where it broke out of range. - This sets up a favourable entry to go long . Markets are also in RISK ON mode! -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

muazcoin

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

Bart10000

Think this is going down. Tested the month resistance hope it holds