Short term view - SAGE GROUP PLC : The bullish gap opened as prices break out of the pattern announces a rally.
Our previous opinion was neutral.We turn positive with a target at 706 p and an invalidation level at 680 p.
Prices are close to a support evel, they may bounce.
Arguments :
- The 62% retracement is causing the bounce.
- The Stochastics are rising.
- The bullish gap...
Sage Group is a technology provider that assists to manage businesses of all sizes. Co. provides a suite of cloud business management solutions and services including accounting, financials, enterprise management, people, payroll, payments and banking, as well as marketplace apps that can be provisioned to match the exact needs of any business. Co. has three reportable segments in which it operates, being Northern Europe (the U.K. and Ireland), Central and Southern Europe (Germany, Switzerland, Poland, France and Portugal) and NorthAmerica (the U.S., Canada and North America Intacct).
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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