Sappi is bouncing nicely off a rising trendline R46.50 is the next level to clear to target the R50 level.
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...
Last week Tuesday I published a short on Sappi at 4817c, with a target of 4380c, which was hit 2 days later. Today the share hit it's lowest level since September with a low of 4244c. Original idea attached. The majority of my research insights are published for clients and occasionally highlighted on this platform. To become a regular recipient of my...
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.
The Q1 results were (In my opinion) very decent and showed Sappi's resilience in a very tough market- Sure the outlook is still pretty bleak, given the macro- economic environment, but looking at these results, Sappi did everything right. So WHY is the share down 7.5%????????????? HEADLINE EARNINGS PER SHARE +55% EARNINGS PER SHARE (SPECIAL ITEMS +50% DEBT DOWN...
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...
Short term idea published earlier on our client platform. Entry at current levels (4817c), or on an intraday rebound. Key Technical Drivers: Poor candle structure at horizontal support + MACD below zero with a bearish crossover + 14-day RSI below 45 (nearing a breach of the incline support). Also note the share has struggled to reclaim it's 200-day SMA. Should...
Double top pattern developing on Sappi, which, if confirmed, could point to 43. At the least, that unfilled gap around 46, should be filled.
I last covered SAPPI in November 2022. The bullish medium-term outlook is still intact as price is not threatening the 1720 zac level. On the cautious side, the decline from 6348 to 3937 could be the first leg of a bigger three wave flat pattern. The rally from 3937 to 5835 is either wave 1 of a new bullish impulse wave or wave (a) of wave ((b)) of a flat pattern...
Sappi giving strong buy signals. MACD crossing over Stochastic crossed over. EMA 20 crossing over EMA 50, and price action about to cross over EMA 100. Target R57.80 and stop R47.20. Will wait for crossing of EMA 100 to be confirmed.
Sappi could possible form its right shoulder of an inverted HS pattern off the R48.50 support level
The stock has had a mighty fall since losing the 200dma last month. R41.75-R39.00 is the next zone ... Failure here will target swing low at R36 ...No position -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Sappi is finding support at its 200dma. - Looking for a bounce to initially test R54-55 - Oscillators oversold territory -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
A bullish trend is applicable above 4240. Crossing below this level will negate the trade idea. Remains above its 200-day simple moving average. Upside price momentum supports the bullish trend direction. RSL leaves enough room for further upside price potential. The recent gap was filled and the price action might continue a normal price behaviour. Testing major...
SAPPI breaking out of the bull structure a move higher is imminent at any point
Big move in SAPPI today. Would like to see a close above 5438 and target of 7180
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