SPI trade ideas
SAP - Long IdeaSAP made a bullish reversal candle last week at a point of support (R23). Long idea will trigger if we get a break above last week highs of R24.62. Stop loss below R22.50 with 1st target at R26 and then on trail stop loss of previous week's lows.
SAPPI Swing trade (240 minute chart)Date 15 Jun-20
Time: 16:10 (SA time)
Higher swing lows in place - marking uptrend
If price remains above 2450 the uptrend is intact
Detail of trade on chart
Risk Reward Ratio > 4:1
SAP - BREAKING OUT -SAPPI is breaking out of a consolidation period
- Stochastics are oversold
- Looking for a move towards the 200ma
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:SAP
Sappi close to completing 4th Elliot WaveSappi is in process of completing the 4th Elliot wave and expected to bounce of 2728 before commencing with the final upward wave estimated to consolidate at the 4074 to 4163 price level. Wave 3 was met with resistance, which served previously as support on 27 September, 14 & 15 November 2019. The 4074 level was fierce resistance during the period 16 October to 5 December 2019 and it can also be expected to serve as again as resistance at the point of completion of the 5th wave.
Currently the 20, 30 and 50 day MA are bullishly aligned, with the 30 day MA serving currently as support.
Definitely one to keep an eye on.
Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.
SAPThis chart forms part of a larger research note. None of the information posted here (TV) should be considered financial advice.
SAP has performed well for us, advancing from just above 2100c (at the beginning of May) to the recent high of 3553c. Last week’s 3-day pullback saw the price find support at the rising 21-day EMA which is just above the rising 50-day EMA. This is also just above the breakout zone which is often a ‘level of interest’ for traders looking for a fresh accumulation zone. Provisionally, I’m monitoring 2680c down to 2590c as a opportunity once again get ‘long’. Stop-loss: 2450c.
SAPPI - LONG at retest of break level- Price rallied hard and has returned to the area where it broke out of range.
- This sets up a favourable entry to go long . Markets are also in RISK ON mode!
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
SAPPI is buy This is not a financial advise.
These are my thoughts on Sappi Long hold -
Would you buy this gem ?
Monthly sitting on the historical support.
This is as easy as it gets.
Wait for the break
buy the retest.
$SAP #SAP #JSESAP #SAPPI $JSESAP #JSE $JSE
Goodluck
Follow me on twitter @muazcoin
on month resistance so i am taking a small risk and selling Think this is going down. Tested the month resistance hope it holds
SAPPI - LONG idea- Price has broken out of daily downtrend
- Expecting a move up here towards the 200ma
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:SAP
SappEquities (Local) | Sappi | Following the break of the downward trend line going back to 24 April 2019, we have seen the price retrace to test the breakout level as well as the 50/61.8% Fibonacci Retracement Zone. The short term trend line resistance going back to 17 December is being tested where a break above this resistance trend line opens further upside and a continuation of the medium term bull trend. The chart highlights a potential price action scenario.
JSE:SAP Sappi MarkupAfter a short but high volume accumulation price has broken higher (see posts below). A low volume back up (BU) price is now ready to be marked up further. The relative strength to the Top 40 has turned positive and there is divergence with the volume RSI confirming the markup.
Dip to rise!I want that yellow zone to be hit by price and if we have a good rejection candle we take the trade in. Its a 3 part trade with the ultimate target being just below 5200.
Entry: 3 small positions @ 4160
SL: 3945
TP1: 4592
TP2: 4787
TP3: 5129
The RR on this trade is very good,so you can use small position size and still make good return,no need to be greedy and risk too much.
Sappi - Short Term Backtest. Another Opportunity To AccumulateEquities Local | Sappi - Short Term Backtest. Another Opportunity To Accumulate | Technically, I remain positive on the medium to long term outlook for the share. Briefly, we saw the price 'top out' at R100. Test the R36 lows - just about at the preferred accumulation zone. In the short term, we see the share back-testing the breakout level, offering a short term LONG for opportunistic traders near the 61.8% Fibonacci retracement level. (I also like this name over the long term, long term buying zone previously recommended at 36-38).
SAPPIa trend reversal on sappi after CEO left for top job at Eskom lets see how it plays out a buy opportunity is possible
JSE:SAP Sappi Buyers Taking ControlAfter distribution and markdown, we have seen climax volume as buyers are stepping in. Price has now broken the downward trend it looks like the price could be breaking higher.
JSE - SAPPI
- Will the monthly trendline be enough support for a swingtrade
- Some decent volume in this area
- Decent value
JSE:SAP
JSE:SAP Sappi High Volume (Effort) without ResponseAfter distribution, Sappi was being marked down. However, we are seeing very high volume that has been increasing and this week the highest volume was recorded. In spite of this high volume, the price has been trading in a very narrow range around the key R40 level. It seems that large interest buyers have stepped in and a break of the narrow trading range could result in a significant move.
Equities - Pairs Trading Opportunity - Long SAP, Short MNPEquities | Pairs Trading Opportunity | +SAP/-MNP
I've got the weekly chart up but if you zoom in you'll also notice there's a slight turn happening on the daily chart.
Also to note: SAP as a standalone is setting up a great long term equity portfolio opportunity on the monthly chart as I have previously mentioned. Valuation is compelling.
SAPPI - WEEKLY Trending SOUTH - Price is in a solid downtrend
- Broken down out of a bear flag
- JSE:SAP
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
