SAP , Saputo update

The usual then – 24 Dec. 2012 – and now charts;

sap dec 24 2012 ssap aug 5 2013

So we did not quite make it to the $56 level, but $54.62 is close enough. It did take longer than normal as the stock decided to kill time by doing a minor expanding triangle for minor wave 4 of 5. In any event it should now drop to the lowest point of the larger triangle, about $34 and a lot further after that (see previous blog). A sell.