APN trade ideas

Trader-Dan

- Aspen has closed above the down sloping 50 day moving average for the first time since March ... - While price holds above R140.85 we could likely to go test R171 level which will be a key level for the bulls to break to turn the tide on the downtrend - Below R140.85 , a bear flag will be in play with a continuation of the down trend -- MANAGE YOUR RISK -...

KatlehoThaba

Aspen is still in a descending channel that is likely a handle of the Cup and Handle pattern.

lochnerslabbert91

A long slow grind lower and lower for Aspen. Just a observation, not a trade idea.

Innocentmaponde

Though at a confluence of support (horizontal and incline), Aspen seem to be 'flagging' for another move lower. If confirmed, measured objective is around 110. A break of that 150 support area can be 'shorted'.

jhwolmarans

APN currently trading in a small range between R150 and R160. The previous two ranges broke to the downside. Keep an eye on the range break for the next move up or down. Trade ideas are my own and not financial advice.

T2TWELL

APN has declined 46% since reaching a high of R281.50 back in September 2021. currently finding support off this massive R152.00 level, Bulls could see good R:R potential here for the medium/long term

techpers

ASPEN PHARMACARE (APN, 15772c) | As a medium term trade idea, my last sell as on 29 September 2021, the most recent peak while as a tactical trade, I recommended it as a short/sell last week. I looking at it as a buy/long as the price trades at three confluence levels: (1) trend line extending back to Aug 2019 & March 2020 (2) the April 2021 breakout level & (3)...

LD_Perspectives

The final call was on the peak of 29 September. Looking back, good call (hope it helped!). Down 37% From 3rd & Final Sell Call. Updates 1 to 3 attached.

Innocentmaponde

Previous support turning into resistance on Aspen. The measured target of that descending triangle is below 130! *My previous idea on the link below

RossLarter

JSE:APN is showing a bearish engulfing candle at a resistance level. This is a top reversal sign - so we can expect it to move down from here.

jhwolmarans

APN trading in a small range between R192 as support and R202 as resistance. A break and close above R202 will be bullish. Trade ideas are my own and not financial advice.

Innocentmaponde

Aspen coming for a retest of previous support (now resistance). Will it push through that resistance and the 200dma just above it, to re-establish the uptrend?

KatlehoThaba

This is clearly a Cup and Handle pattern completing here, we are in the last staes of the handle formation. The weekly trendline was broken and the handle gave us a good retest. I'm anticipating a bullish run from here going forward.

Sbo_Dhlamini

Aspen the R175 level has to hold for it to recover an move higher to the R220 and the R255 levels

RossLarter

JSE:APN has broken out of the bottom of a descending triangle and is looking good for a short position.

Trend_Trader_JSE

Watching JSE:APN closely, interested in seeing today's close. Will it manage to stay above the 200EMA, or it'll close below it? Not interested in a long position below that level.

Trader-Dan

- APN has been consolidating within the 0.5-0.618 retracement zone of the last leg up ... - A break and capture of either 218 (long side) or 202 (short side) will open up another trending move -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Thapelo_Khubayi

Aspen price ranging at resistance level could indicate a potential strong buy. We also have a bullish flag setup which if broken upward(resistance) will confirm a swing buy opportunity.