Many SAP shareholders won’t soon forget the 30 percent sell-off of October 2020. The software group’s latest quarterly figures are all the more pleasing. Thus, the breakout above the €110 mark was finally achieved on April 14, 2021.
The final quarterly figures are expected on April 28. The data on the cloud business in particular is eagerly awaited.
That’s because the cloud business could further solidify SAP’s future and provide another boost to the stock.
From a technical perspective, the €110 mark now serves as support. New sellers are expected at €118.
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