Timonrosso

UPDATE SAPPI Target reached at R56.60 - Omwards and Upwards

Long
JSE:SAP   SAPPI LTD
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!!!! ?

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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