Good Morning and I hope you are well.
Let's do some SAP today because they just reported earnings.
current market cycle: Strong bull trend is done after 3 pushes up and market is now correcting. Earnings were utter garbage and W1 could go much deeper and so will the targets below. I will update this, once market found bigger support.
key levels: 170-185 - below is 150 next
bull case: Bulls need to keep it above 170 or much more stop losses will be triggered to take profits of the last months. Not much more magic to it.
bear case: 170 will fall and the selling will continue at least to 150 where bulls have to pray for support. My base case is 130 over the next months.
short term: Strong bearish
medium-long term: Strong bearish to 130 or lower.
Let's do some SAP today because they just reported earnings.
current market cycle: Strong bull trend is done after 3 pushes up and market is now correcting. Earnings were utter garbage and W1 could go much deeper and so will the targets below. I will update this, once market found bigger support.
key levels: 170-185 - below is 150 next
bull case: Bulls need to keep it above 170 or much more stop losses will be triggered to take profits of the last months. Not much more magic to it.
bear case: 170 will fall and the selling will continue at least to 150 where bulls have to pray for support. My base case is 130 over the next months.
short term: Strong bearish
medium-long term: Strong bearish to 130 or lower.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.