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NAby u/nour.arslan·1moAnalysis

SAP - Watching the 154 level after today's dip

Interesting close on $SAP today, dropping to 154.34. It's dipping just below what I've had marked as a pretty significant support level around 155 for a while now. The intraday low was 154.33, right on it. I'm curious to see if this holds up as a retest or if we're looking at a breakdown from here. A sustained move below 154 could open up some downside toward the low 150s, perhaps even 148, which would certainly invalidate any immediate bullish outlook I might have had forming on the daily chart. Conversely, a strong bounce back above 155 on increased volume tomorrow would be a good sign.

2 comments · 6 points

2 Comments

GVu/giulia_vermeulen·1mo

Good call on watching that 154 level. I'm wondering if the broader market's slight hesitation today played a role in the dip, or if this is more company-specific movement after recent news.

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TAu/takin2539·1mo

That's a keen observation on $SAP. I'm with you on watching that 154-155 area closely; it feels like a critical juncture. Do you have a specific catalyst in mind that might push it one way or the other, or are you primarily focused on the technicals for this potential move?

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