Sappi showing strong downside to R42.39 thanks to a TriangleSymmetrical Triangle formed on Sappi.
This is where a pattern moves neither up or down just sideways.
We then had a break down, which confirmed the trend direction.
200>21>7 - Bearish
RSI<30 - Bearish
Target R42.39
INTERESTING FACTS
Sappi Limited is a South African pulp and paper company founded in 1936.
The company has operations in over 40 countries across the world.
Sappi produces a variety of products, including printing paper, packaging paper, and speciality paper.
The company is the world's largest producer of dissolving wood pulp, a key ingredient in the production of rayon and other textiles.
Sappi is also a leading producer of graphic paper, which is used for printing magazines, brochures, and catalogs.
It's also traded on the NYSE!
