SAP AG Technical Analysis

SAP AG Technical Analysis

SAP AG Technical Analysis: Weekly Chart

SAP AG Technical Analysis

In the weekly charts, SAP AG is trading in down channel. SAP AG is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 84.15 & the resistance level is at 90.05.

SAP AG will trade in down channel until there is trend reversal.

SAP AG Technical Analysis: Daily Chart

SAP AG Technical Analysis

In the daily charts, SAP AG is trading in down channel. SAP AG is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 87.09 & the resistance level is at 89.52.

SAP AG will trade in down channel until there is trend reversal.   

How to Trade SAP AG this Week:

SAP AG will follow the downtrend until their trend reversal. So, remain bearish on SAP AG.

TRADE SUGGESTION- SELL AT 88.18, TAKE PROFIT AT 87.09 AND STOP LOSS AT 89.52

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