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RossLarter

Looking at a short position on SAP

Short
SAPPI LTD (JSE:SAP)  
RossLarter  
JSE:SAP   SAPPI LTD
Trend Analysis Chart Patterns Technical Indicators SAP sappi jse ALSI ZAR southafrica paper
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trendanalysis chartpattern indicator sap sappi jse alsi zar southafrica paper
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.
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