SAPthe market forcefully broke the 0.78 fibo level.
so there is a probability to get the level 0.61 fibo.
f you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
SAP/N trade ideas
SAP Averted Death CrossSAP has been in a large upward trend. With a double bump and run, an island bottom, and a diamond bottom. Recently the price has been near a death cross however this has been averted with the recent price rise. Volume has recently seen a steady decline. Expect this bullish trend to continue.
Long term playXETR:SAP
SAP SE pretty much came back down from the hype of Elliott's investement. SAP said growth and operating margin gain were going to improve alot in 2020. Although I think it might dip lower to test shareholders and stop haunt, I feel safe going long, I will average down if it dips.
Short Drop - Bounce BackBearish in short run -to bonce back to around 113 - 114.
Period from: Feb 5 - Sept 20th
Why: When looking at the six month chart it waffles before trending upward or downward. The waffles have become larger. By placing indicators at the end of large buys and sells, this gives you a range of how far the next break out is going to go.
New Higher CloseAfter this good day for SAP it looks more bullish now again.
I am sorry for the short comments but it is very much unconvenient to write without seeing the chart now. The more that your comment written already will diappear when you revert to the chart in the meantime.
I've reported this as a bug. If you also dislike this new "feature", please report it as well.