SAP SE O.N.Long
SAP
SAP - Monthly from the beginning year 94 - Strong uptrend since '22.
A few companies determine the performance of the German DAX. One of these "tanks" is SAP. The chart seems to be on its way to 310.80 EUR per share, a Fibonacci-Extension in green. This level represents the end of Cycle wave III in green. After that the chart should form in three waves a 23.6-% correction in total as a flat.
In the chart you see the volume which is decreasing over a long time period. So the actually reached higher highs are formed with lower and lower volume.
Furthermore, the MACD is mentioned. This index forms typical negative values within a wave 2 which is an ABC-correction of the direction of the trend wave.
Its extreme value reaches the MACD always in the C-wave of the ABC-correction. Look in the chart, please. There are two results.
A few companies determine the performance of the German DAX. One of these "tanks" is SAP. The chart seems to be on its way to 310.80 EUR per share, a Fibonacci-Extension in green. This level represents the end of Cycle wave III in green. After that the chart should form in three waves a 23.6-% correction in total as a flat.
In the chart you see the volume which is decreasing over a long time period. So the actually reached higher highs are formed with lower and lower volume.
Furthermore, the MACD is mentioned. This index forms typical negative values within a wave 2 which is an ABC-correction of the direction of the trend wave.
Its extreme value reaches the MACD always in the C-wave of the ABC-correction. Look in the chart, please. There are two results.
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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.