SAP's (SAP) ADRs had an impressive rally in October (see below).
After the steep upside move in October, SAP stalled and recently corrected down to the rising 200-day moving average. The On-Balance Volume (OBV) started in late September with a confirming advance. The OBV line has been flat in the past three months even though prices have retreated a bit.
In the longer-term view of SAP, above, there is a double bottom of sorts as the $64 to $62 area has held twice in the past year. Prices are above the 40-week moving average. Breaking out over $81 should precipitate a stronger advance as this appears to be the neckline of this double bottom. The OBV line is not yet in gear on this timeframe.
What to do? Go long on a strong close above $81 with expanding volume. Risk a close back under $76.