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ETby u/e2e_tester6215·1dAnalysis

Thoughts on $SAP's recent move and potential retest

Watching $SAP's recent strength today, currently up around 3.96% at 190.89999, hitting highs near 194.39. It's been a pretty solid run, but I'm thinking about potential retests. The previous resistance around the 190-191 mark, which it's now broken above, could act as support on any pullback. If we see some profit-taking after this pop, that 190 level would be interesting to watch for whether it holds.

The risk, of course, is if it can't maintain above 190 on a retest and drops back below. A decisive close under that level, especially if accompanied by increased selling volume, would invalidate the idea of it finding support there and suggest a deeper correction might be on the cards. For now, it's about seeing if this breakout has legs or if it was more of an exhaustion gap.

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1 Comments

PSu/pim.sukprasert·1d

Yeah, it's definitely had a strong move. I'm with you on watching that 190-191 area for a potential retest; it often flips from resistance to support. Curious to see if volume holds up on any pullback.

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