AWPEARCE1

APN - 1D - TECHNICALS BEARISH

JSE:APN   ASPEN PHARMACARE HLDGS LTD
Weekly and daily stochastics show overbought positions. Multiple Doji candles show indecision in the market. On weekly chart, it shows a Fibonacci retrace to 0.382 of a downtrend. Divergence on Stochastics in play. Fundamentally Aspen does forecast sales growth? If it breaks above 0.382 retrace it could go further. I would not buy at this point.

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