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SAPPI LTD
Short

Looking at a short position on SAP

127
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.
RossLarter
Also on:
ALSIChart PatternsTechnical IndicatorsjsepaperSAPsappisouthafricaTrend AnalysisZAR

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
ALSIChart PatternsTechnical IndicatorsjsepaperSAPsappisouthafricaTrend AnalysisZAR
RossLarter
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.