Update from 20 May Aspen post, I indicated that Aspen looks enticing for a further move higher. My view remains. Today Aspen closed above the 20 MA on current resistance of +/-14060. It probably will first move lower tomorrow to support before attempting to break resistance early next week. This is key resistance of the neckline of an inverse head and shoulder formation that started on 7 March.
Target 1 : 15733 | Target 2 : 17219
Stop at 12300.
Longer term target should share trade above 50 day EMA , possibly 28063. Nice gap fill from Target 2.
Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.
Target 1 : 15733 | Target 2 : 17219
Stop at 12300.
Longer term target should share trade above 50 day EMA , possibly 28063. Nice gap fill from Target 2.
Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.
Trade active:
Aspen broke out nicely today.
