Buy Trigger Followed by a 25% Rally. Use These Highs To Take Profit

Lester Davids
1 day ago
1 min read

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The price action model indicated that the share was a buy candidate.
We set the buy range at 137.00 to 144.
The share traded into that buy range and lower and has rebounded by +25% from th elower boundary of the buy range.
Use these highs to lock in gains.
Well done to clients who took the opportunity to trade.

Previous Post (16 April): Global Idea: DAX-Listed SAP is a Long Term Buy Candidate

KEY TAKEAWAY: 🟢 BUY LONG CANDIDATE | SAP is making a powerful attempt at a bullish reversal following a period of intense structural selling pressure; while the macro setup has officially triggered a long accumulation signal, active traders should manage entries carefully as the initial thrust has driven ultra-short-term momentum into overbought territory.

Disclosure: The above paragraph was generated with an artificial intelligence tool supported by inputs/data from the analyst.

Lower levels expected before macro/long term oversold rebound and recovery

Buy between €137.00 and €144.00

Stop-loss: €126.00

Target(s): €185.00

Code: SAP

Analyst's Price Action Model: