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.
APN wedge pattern and critical Resistance
if broken could be a start of a bear market for Aspen
time will Tell. stop loss not a bad strategy to have here.
APN is currently at a critical juncture ,the 200ema is acting as a support (must remain that way to be positive).
A falling wedge is also visible
Volumes are High and a breakout above the top pink line could take APN back up to 25000.
Earning are due to be published shortly too.
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Aspen $APN Hold the 200 day EMA gaps through the R211 support.
I covered this trade on last week's stocks in play. Great Risk Reward trade. With a stop at R200 targeting R275
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
JSE:APN has formed a bullish engulfing candle pattern with yesterday's price action. This is a bottom reversal signal and we could potentially see a bit of an upward move from here.
As stated on 11-Nov (see attached): "PROVISIONAL level of interest 20400c to 21200c for a swing buy to re-test near the pivot or back up to the 23000c zone."
Found support exactly at the 0.618% retracement level.
Now trading around R237.70.
May find MODERATE resistance R239-242.
For more insights and real-time ideas (most time frames), get in touch today.
- Share off sharply since last sell call at 27341 on 29 September, declining by 21% to the last close of 21593c.
- Now trading in 50-61.8% retracement zone.
- PROVISIONAL level of interest 20400c to 21200c for a swing buy to re-test near the pivot or back up to the 23000c zone.
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Now down R30 from my recent 'final' sell on 29 September (day of year-to-date peak) at 27341c.
Timeline below, with (recent 'final' sell attached, and all other buys/sell attached to that):
14 April - Long Idea
28 May - Long Idea
16 August- Reduce 40%
10 September - Reduce next 40%
29 September - Reduce remaining 20%
For more real-time insights and trade...
Now trading 27341c
A update from my Q2 medium term buy/long idea. Using strength to trim. I will revisit this as a long on a pullback (level to to be determined).
Timeline below, with (all original updates attached):
14 April - Long Idea
28 May - Long Idea
16 August- Reduce 40%
10 September - Reduce next 40%
29 September - Reduce remaining 20%
For more...
The R240 has been an area of strong support and memory in the past. The market didn't have much respect for this level recently, only testing a few times and powering through closing on Friday at R249.77. I moved my stop loss to R218.18 raising my profit on the trade from up 15% to up 20%. I will be adding to my position. Putting on a 3% risk because the profit on...
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
