$SAP SE(SAP)$ $SAP SE(SAP)$ SAP is showing a strong technical recovery. After bottoming near $150 in July, the stock has rallied roughly 45–50% and is now trading around $220. The 1M (+30%) and 3M (+27%) charts clearly show higher highs and higher lows, while the sharp dip toward $210 was bought aggressively. The next important resistance zone sits around $225–240; a clean breakout could open the way toward the previous $280–300 area. Support is now around $210, followed by $195–200.
What makes SAP interesting is its position among the major enterprise software and cloud players. It competes with giants such as $Microsoft(MSFT)$ Microsoft, $Oracle(ORCL)$ Oracle, $Salesforce.com(CRM)$ Salesforce and $ServiceNow(NOW)$ ServiceNow. If SAP continues accelerating its cloud and AI business, the current rebound could develop into a much larger long-term trend reversal. Technically, momentum remains bullish as long as the $200–210 zone holds.
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