APN trade ideas

KoosKanmar

Aspen on it's way to 16300 target

ALSITRADER Updated 

JSE:APN Broke falling wedge few days ago as well as sideways consolidation. Back tested breakout point and made solid support at 13700/50 area. So far hourly making big engulfing bar. Trade idea long around this level on bar close (if it stays the same) SL=13600 FT=15700 for RR=2.29 ST=17000 for RR=4.52

Logaro1 Updated 

Aspen had an incredibly difficult 2018, with the stock losing over half of its value in only a few months. The sale of Aspen’s infant milk business (a price below market expectations) together with the elevated debt levels are seen as major catalysts leading to the decline in Aspen’s share price from R 260.00 to below R 130.00. Reviewing the time series, we note...

KoosKanmar

This could the the start of a right shoulder of an inverted head and shoulders with a 16300 price target. I would wait for the neckline break.

ALSITRADER

JSE:APN Making falling wedge but after last gap down consolidates in the box. Break of the box can be traded

ALSITRADER Updated 

JSE:APN Going for gap close around 14100

RossLarter Updated 

JSE:APN has formed a bullish harami on a double bottom which means it should be good for a long position.

ALSITRADER Updated 

JSE:APN Making inverted head and shoulders with right shoulder been completed. Last hourly bar is big engulfing bar. Potential long from here with very tight SL

ALSITRADER

JSE:APN Breaking from bullish flag on hourly chart.

ALSITRADER Updated 

JSE:APN Panic sell, high volume, big wick on the bottom. Great place to go long $JSEAPN

ALSITRADER Updated 

JSE:APN Making box at hourly chart. Break above will probably bring 5% upside

serioussam81

Buy for price recovery

T2TWELL

APN around R170-180 good long term buying zone. both horizontal and diagonal support confluence around this zone

MarkWeetman Updated 

Last week Lester highlighted APN as as "opportunistic buy" after the fall from R290. It looks like R263 to 264 is still a level where buyers have lined up to take advantage of the fall. This is also in line with the 50dma. Once again stay cognizant of the USDZAR. MariusGrobler301 is having a look at this trade for our clients.

RobbyP

Aspen is approaching the upper band of this sideways channel. This looks like quite strong resistance, so i would be looking to go short up there to again target the lower band.I make entry at around 27500

RobbyP

Aspen is approaching the upper band of this sideways channel. This looks like quite strong resistance, so i would be looking to go short up there to again target the lower band... I make entry at around 27500