CoryMitchell-CMT

Another Opportunity in SAP.TO

Long
TSX:SAP   SAPUTO GROUP INC
SAP broke above a complex consolidation this morning. This is teh second trading opportunity within the last couple months. Like that we had a little false downside breakout recently which was followed by aggressive buying the last two days. Target is conservative and may be used. Can also utilize ATR Stops as a trail...if price closes below the indicator line, move the stop loss to just below the low of that day.

COmpany has been growing earnings quite nicely for last several years.

Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
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