Peet_Serfontein

SAP: break major resistance?

Long
JSE:SAP   SAPPI LTD
A price action above 4000 supports a bullish trend direction.
Starting to counter-test some major resistance (now support).
The target price is set at 4400.
The stop-loss price is set at 3900.
It will appear that the 200-week acted as some major support.
Remains a risky trade.

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