APN trade ideas

Trader-Dan

- Price has recovered from its recent lows of R80 - Its currently consolidating and we have had 2 inside bars that have formed within the range R108.79 - R115.60 - Stochastics overbought - I will be looking to trade the break of the range, in either direction (daily close) . -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be...

LD_Perspectives

Technical Flash Note: Aspen Pharmacare APN For those waiting on the Aspen Pharmacare to make a meaningful move, the wait has been frustrating to say the least. After spending 3 months between mid-November 2019 and mid-February 2020 trading in a tight range between 10800c and 12500c, we saw the share price roll over to take a hit along with the rest of the market...

ALSITRADER Updated 

JSE:APN Down 12% today with market been up all day. Stopped at support around 8500 If that breaks next support is around 6300. And if cup plays out target is at ZERO.

ALSITRADER

JSE:APN Publishing results after close today. There are small head and shoulders in place with moving averages getting red. On the other hand it is holding very well today with all selling on our markets. What is interesting all market action is contained in daily bar on 19 March 2019 and very bad results published.

KoosKanmar

I will add if we see a fake break today. First we need to see a break of current resistance on a daily close. Will add to current position when we do.

KoosKanmar

Close below 100 and stop loss will be triggered. You win some, you lose some.

ALSITRADER Updated 

JSE:APN Made small head and shoulders with neck line been broken today. Target around 9200/9300 area.

KoosKanmar

Possible target for this bounce is 12200. Break and daily close below support line will trigger a stop loss.

TheGreatestMarketAnalyst

We are still looking forward to more sellers coming in

Innocentmaponde

Was previously bullish this stock; but it looks to be developing a bearish triple top pattern, which will be confirmed by a break of the R109/R110 support area. Measured target around R96.

SteynTrade

After a selling climax (SC) in March 2019 Aspen has been undergoing accumulation. A spring occurred in August and the markup in Phase D after that. Increases in volume on rising prices indicate buying. Volume and volatility has been muted indicating the stock is being held by strong hands. After a backup (BU) at the breakout level and yearly pivot point some...

TheGreatestMarketAnalyst

Breakout occured now we pullback on retest and drop to QML

TheGreatestMarketAnalyst

RSI Divergence adding onto technical analysis

Trad3r_16

Aspen has broken its short term downward TL nd is now well on its way to fill the huge gap higher up.

TheGreatestMarketAnalyst

Waiting for a drop from that 5th Wave to the Demand Zone of the QML

KoosKanmar

Bullish looking flag break by Apen. Adding for a target of 12700 & possibly 13350

Trader-Dan

- breakout on hourly, oppurtunity to add to longer term position targeting gap close at R137 - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:APN