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Sappi: Aggressive Selling Pressure However, Get Ready To Trade

Writer's picture: Lester DavidsLester Davids

Trade Sappi with Unum Capital.

To get started, email lester@unum.co.za


Strategy alert + awareness of current model reading:


Previously, clients were alerted to a buy/long setup which subsequently saw a rally from R44 to R55 (+25%). below is the current model reading however (see the short and medium term) however also note the long term (5 to 8 weeks) which states that traders should wait for the lower time frames to stabilize. Provisionally, the 3800 to 3900 range is a level of interest. i.e. subject to change as the price action develops.

















SAP chart as of 11h37 on Monday 10 February at 4275c.



 

Previous Post: Wednesday 20 November 2024 (Time Pre-Market)

SAPPI Long & Short: Bullish Target Exceeded (+24%) & Pullback In Line With Model


  • Long & Short: Bullish Target Exceeded (+24%) & Pullback In Line With Model

  • The most recent pullback off the highs coincides with the reading on 07-Nov (day of price peak) which stated that 'a strong move had develop however and that buyers were in control however, traders should not chase i.e. should not buy as the price could fail to hold it's highs. In which case, the 8-day EMA could be a short/sell target.

  • The subsequent price action accurately reflects this model reading with the share retreating from above 5470c to yesterday's low of 4904c.

  • Current Rating = Weak (Previous Overbought At The Recent Price Peak)

  • The original (time-stamped) model reading is shown below.


 

Previous Post: Take Profit On This Rally https://www.unum.capital/post/sappi-take-profit-on-this-rally

Friday 08 November 2024

Time Published: Pre-Market

Ticker: SAP

Share Name: Sappi

  • +24% from the model reading to yesterday's highs.


 

Previous Post 14 August 2024

Pre-Market


 

Previous Post


06 August - Real-Time: 16h09


Amidst the short term sell-off, here's what the data says. (Do note, event risk in the form of earnings loom).


Lester Davids

Analyst: Unum Capital

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