Wednesday, April 10, 2013

SAP April 10 2013

SAP daily chart April 10 2013

SAP is sitting right on the lower edge of its High Volume Node. The larger Megaphone pattern suggests a reversal/market top, but that might not happen quite yet. Many traders like trading stocks at decision points, and this one can't fall much further without going into free fall. No matter which side you pick, long or short, you need to watch SAP closely here and let it make its decision, which will become obvious soon.

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