JSE:APN Breaking flat bottom triangle on hourly. Target is gap close around 13500
Neckline retest after inverted head and shoulders break. Hope it holds. Stick to stop losses if it doesn't.
Aspen is a global supplier and manufacturer of branded and generic pharmaceutical products as well as infant nutritionals and consumer healthcare products in selected territories. ASPEN has been under the microscope over the past few years with various negative rumors and investigations driving the share price lower and lower. I believe that we haven't quite seen...
Aspen on it's way to 16300 target
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
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...
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.
JSE:APN Making falling wedge but after last gap down consolidates in the box. Break of the box can be traded
JSE:APN has formed a bullish harami on a double bottom which means it should be good for a long position.
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
JSE:APN Panic sell, high volume, big wick on the bottom. Great place to go long $JSEAPN
JSE:APN Making box at hourly chart. Break above will probably bring 5% upside
APN around R170-180 good long term buying zone. both horizontal and diagonal support confluence around this zone
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.
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