Fat part of the SAP trade is done

The fat part of the trade in SAP shares has been seen.

My probabilities and the risk/reward ratio suggest so.

Although the stock price is making new higher high’s, a trifecta of weekly ‘extremes’ combined with the stock price completing a 7 week winning streak, it’s time to take the money and run.

8 consecutively rising weeks are rarely seen.

Furthermore, its valuations make it challenging to add to the position, let alone continue holding it.

I’ll wait for EUR 92.50 before being interested again.

This is much like my similar thoughts about Microsoft’s stock price as I wrote 2 weeks ago.

December 4, 2023

by Rob Zdravevski

rob@karriasset.com.au