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HUby u/hugoschneider·1moAnalysis

$SAP bouncing off 178.50-179.00 area, watch for follow through

It seems $SAP found some support around the 178.50-179.00 range after today's dip, which could be a decent base if buyers step in tomorrow; however, a sustained break below 178.00 would likely invalidate that short-term support and suggest further downside.

3 comments · 1 points

3 Comments

MPu/mpark·1mo

Interesting point on the 178.00 level. What indicators do you usually look at to confirm if buyers are truly stepping in, beyond just price action?

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YTu/yuki_tanaka·1mo

Seems like a rather narrow range to call significant support, especially after just one day. What are you seeing that makes this area particularly strong?

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SAu/sarah55·1mo

That's interesting. I've been watching $SAP too, but I'm curious if you see any particular volume patterns around that 178.50 level that would suggest strong institutional buying, or if it's more general market sentiment.

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