Peet_Serfontein

SAP: further gains after a correction?

Long
JSE:SAP   SAPPI LTD
A price action above 4300 supports a bullish trend direction.
Further bullish confirmation for a break above 4700.
The target price is set at 5000.
The stop-loss price is set at 4200.
Remains above the confluence of 200-day and 200-week simple moving averages, supporting a bullish long-term trend.

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