Very large cup and handle formation on Aspen. This is a bullish formation and if it breaks it will open targets much higher than originally anticipated. Current targets of 10750 & 11300 could then be extended to longer term targets of 12750 & 14000.
ASP flat top Resistance triangle current market condition leaning to possible breakout or bounce with correction wait for breakout Also possible Double Top Forming
JSE:APN Broke higher from small consolidation area. More upside is likely. Targets 10100,10700 and 11200 top of the big range.
APN Close Above 9764 Will create a crossover of the MACD indicating strong support for the next breakout run up wait for cross or breakout
A bullish engulfing candle pattern formed on JSE:APN friday at a support level. This could mean an upswing is imminent. The stochastic has also recently made an upswing.
We may derive the following from the Daily APN chart: 1. Price has tested the daily resistance a few times. 2. We will need to wait and see what price does - a close above should push the price higher and fill the gap. 3. Monitor price action and be patient. 4. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.
price retraced as discussed previously
The 20 week moving average (wma) has been been a tough nut to crack for Aspen since its rapid decline started back in September 2018. The 20 wma currently sits @ 93.89. If aspen can gain some traction above the 20 wma, see a close above R90.00 on the weekly (above the previous floor), one could see the stock gain some further traction with a first target at the...
waiting around 8400 level
APN turning down off resistance at R91.00 RR - 1:1.8
APN Hit Resistance On upper TR Daily bounce Close Above 10105 today as confirmation for breakout weekly Chart also indicating possible breakout
Still going strong with a target of 10750 looking likely. Daily close below 9000 will trigger a stop loss.
Aspen looking to break through resistance level (previous support). It has also broken above the 50 day MA. Several upside targets could be reached. Share price finding support from results released yesterday evening
APN Still in TR has some room Yet to move Short term Long Support by Bulls I will nibble some as usual manage your risk
Aspen has had a good bounce off its lows, but currently testing minor horizontal resistance. To really get bullish however, Aspen must break larger downtrend.