SAP SE shares rise 5.1% following recent pullback

SAP SE shares experienced a significant recovery, rising 5.1% following a two-week correction. The stock opened with an upward gap and showed strong momentum at key chart levels.

Technical analysts note that SAP is approaching a potential bullish ‘Golden Cross,’ where the 50-day moving average crosses above the 200-day moving average. While the recent rally was notable, further gains are required to break through the August downward trend line and reach resistance levels near 192.12 EUR. If the stock maintains its momentum, it could target the 200-euro mark.