$JSESAP - Sappi: Not Yet Convinced It's A Breakout
See link below for previous analysis
The stock has made a minor breakout from the upper resistance trendline and is currently using it as support.
I am not convinced by this breakout due to:
1-Low volume breakout
2-Weak price momentum after breakout
It's still early days but I will sit on my hands under I get more bullish evidence.
The stock has made a minor breakout from the upper resistance trendline and is currently using it as support.
I am not convinced by this breakout due to:
1-Low volume breakout
2-Weak price momentum after breakout
It's still early days but I will sit on my hands under I get more bullish evidence.
