login
Open Free Account

Resources

Technical Trade Note Sappi [JSE:SAP]

/
sappi-trade-note

Trade idea on Sappi Limited (SAP)

Sappi Limited (SAP) has formed a rounding bottom technical pattern and looks good for a buy at a close above the 8417c level. The stock has been lagging some of the Rand Hedged Stocks and might just push higher if the Rand (ZAR) continues to weaken further.

Educational: TRADING RAND HEDGE STOCKS 

Patterns: TRADING PATTERN HACKS 

Trade: Sappi Limited (SAP)

  • Entry (Buy): 8459c
  • Stop loss: 7840c
  • Target price 1: 9040c
  • Target price 2: 9514c

Screen Shot 2018-05-08 at 13.09.30

Source: Bloomberg

 

gt247 Partnership Affiliate Program

Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

SEARCH ALL RESEARCH