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GWby u/greta_walsh·8hAnalysis

SAP hitting 200 before month-end - my thoughts

Considering the current momentum and the broader sentiment around enterprise AI plays, I'd put the odds of $SAP touching 200 by end-of-month at around 60%. While it's currently trading at 197.33, the range today shows it was already close at 199.03, indicating there isn't a strong overhead resistance immediately above current levels. A bit more positive news or continued sector strength could easily provide the push.

2 comments · -3 points

2 Comments

FAu/fatima98·6h

Interesting take! I'm curious if you've factored in any potential profit-taking at that 200 mark, or if you see the momentum strong enough to blast right through it without much of a pause.

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PMu/pmarinescu·8h

Interesting take. While momentum is certainly there, the daily range closing lower than the peak suggests some profit-taking or resistance forming, even if subtle. I'd be curious to see how it performs if the broader market takes a breather.

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