Sappi seems to respect the bottom of the multi-year range. It did however trade in this R22 - R35 for about four years and some change between 2009-2014. It could take a while before the break through the R35 resistance. If history is anything go by. but waiting for my 30w EMA to cross through the 60w EMA first to confirm the up trend on the share
Average Entry: R48.10
Quantity: 25.2
Stop loss: R44.84 (-R3.26 risk per share)
Profit/Loss if stop is hit ZAR: -R82.15 (-1.05%)
Waiting for a close above R52.16