runyamhere

Aspen ($JSEAPN) Seeking Breakout

Long
JSE:APN   ASPEN PHARMACARE HLDGS LTD
Aspen has carved a bullish flag now attempting a breakout, once it has succeeded we expect it to move to challenge the R203.82 resistance upon where we can expect another bull flag type of formation before moving higher.

The price of 22 May is now our cycle support, if price breaks below this at any point one must exit the trade as trend will become bearish. This price can act as a stop-loss.

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