Once that R150 level is breached, it looks like it can test the upper channel line.
Aspen might be doing good for now short term but the long term support has broken & investors are pulling out
Following the markup in Aspen since the start of 2020 - see posts below - we are now ready to take the next step up. The last two days have had increased spread showing strength to start the markup.
Update on $JSEAPN, a break above 148 targets 155-160 zone where we had the previous swing high.
Position Average Entry: R143.09 Quantity: 11.5 Stop loss: R133.04 Risk: -R10.05 Current Risk ZAR: -R115.58 The stock has been looking good for for some time now. Breaking into higher boxes. Looking for a break to the R150 - R192 box. The stock is still trading in the R108 - 150 box.
A break above 148 targets 155-160 zone where we had the previous swing high.
Bull flag in the making. Needs to close above R144 to trigger the long idea. Stop loss close below R138. 1st target at R148 and full target at R158.
Good trades take long... this is a lesson I have learned many times over. So far so good for APN though.
Aspen has been looking quite strongly bullish recently. Still waiting for a close above R150 on the stock
Aspen broke the mentioned 144 level on Thursday to trigger the long trade. On Friday 12 February it managed to close above 144 which validates the bull flag pattern. Targets remain 150 and 154. A close above 150 could see further gains to 165. My strategy will be to bank 25% of the position at 150, 50% at 154 and try and run 25% of the position with a trailing...
Aspen broke the mentioned 144 level on Thursday to trigger the long trade. On Friday 12 February it managed to close above 144 which validates the bull flag pattern. Targets remain 150 and 154. A close above 150 could see further gains to 165. My strategy will be to bank 25% of the position at 150, 50% at 154 and try and run 25% of the position with a trailing...
The stock has been moving steadily upward moving to higher boxes. At the moment looking good to break the 14750c resistance. Moving to the 14700c - 18600c box from the 10800c - 14700c. I’m waiting for a close above 15000c, then I will add into my position on Aspen.
Aspen looking good but needs to break and close above 144 to target 150 and 154.
Aspen looking good. Nice bullish flag . with opportunity to add as the stock breaks 15000c
If Aspen gets above 144-144.50 triggers a buy ,stop remains a close below 140.50 target 152.
The stock is looking good at the moment. The stock has been making higher lows. We are within touching distance from the 15000c. I’m looking for a 3% break and a close above 15450c. The 30w EMA just crossed the 60w EMA, that’s a good sign. Partner that with a golden cross on the daily chart.