ASPEN nearly ready for a strong shot down to R151.06!Inv Cup and Handle has been forming on Aspen.
The price is >20 and 200 showing that the momentum is down.
I am eagerly waiting for a strong break below, before I look at getting into a long holding short (sell trade).
My first target will be at R151.06
Aspen
UPDATE: Target Reached Aspen R206.03 - Next target higherSymmetrical Triangle was a a text book trade. The previous trend was up. Price broke above the apex 3/4s in and the momentum continued up.
We had further indicators of confirmation for upside to come.
Price>20
Price>200
Target 1 R206.03
So what now? Well we can expect somewhat a consolidation, and a potential Cup and Handle to form. Then we have the next target above R221.
It might be messy to buy now, but in good time it should present a great opportunity. I'll let you know.
Aspen short looks like a Risky Biscuit - Here's whyThis one is tricky and I'd consider a medium to low probability trade.
Aspen has just had a few days worth of bearish candles. Strong selling has clearly taken place.
During the time, it's formed an M Formation.
The price has broken below the neckline however there are danger signs that it might not work out.
1. 7>21 - Bullish.
2. Price >200 and needs to combat and break down
3. Smart Money Concepts - There is a fair value gap with an inefficiency of buying and selling.
So the price is likely to go up at least 50% of the gap before choosing.
4. The JSE is in a jovial and positive mood right now...
So you can see there are conflicting signals and if I had to get in, I would only risk 0.5% in this trade.
RSI<50
Target R134.84
RISKY BISCUIT!
Aspen Wedge Breakout looks promising to R194.76Falling Wedge has formed on Aspen.
The price has broken out and looks like it's set to rally.
A conservative trader could wait for a retest, or an impulse trader could trigger it now.
7>21>200 -Bullish
RSI >50
Target - R194.76
SMC: Sell Side LIquidity
Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades.
ABOUT THE COMPANY
Aspen Pharmacare is a leading global pharmaceutical company with a deep footprint in both emerging and developed markets.
Founded in South Africa:
Aspen Pharmacare was founded in 1850 in South Africa, starting as a single pharmacy in Durban.
Global Presence:
Aspen has a strong international presence, with operations in about 56 countries across six continents.
Product Range:
The company’s primary business is in the provision of branded and generic pharmaceutical products, as well as infant nutritionals and consumer healthcare products.
Leadership:
The company was co-founded by South African businessman Stephen Saad, who remains the CEO.
Significant Player in ARVs:
Aspen is one of the world's largest suppliers of antiretroviral (ARV) drugs for treating HIV/AIDS, contributing to the global fight against the disease.
Manufacturing Prowess:
Aspen owns and operates 23 manufacturing facilities across 15 sites, demonstrating its vast manufacturing capabilities.
Potential SHORT on ASPENJSE:APN has been threatening a reversal for over a month with the crossing downwards of the MACD, followed by the stochastic about 10 days ago. Now the 3 and 15 EMA's have finally crossed downwards triggering a short signal. If the trade gets taken, we will aim for a target around the 154 level.
AZPN Short IdeaThis is a nice setup for a short in one of the leftovers of last year's rally. Pattern is pretty much the same, bit of a squeeze now that the market has been rallying after the top, but weaker than many other names. Now we use this squeeze to get in short following the levels here presented with Red line SL, black entry level (give or take for you), Green line TP 1 & 2. GL
Aspen upcoming earningsJSE:APN mini rally following a positive trading statement quickly fizzled. Aspen JSE:APN reporters that EPS will be between 32% - 37%. Audited results are coming this week, the numbers are expected to remain the same. The share is trading below key levels, the stock will need great numbers to push the price up, a promising setup is the price trading above R160/share. Otherwise, the downtrend in the stock will continue, especially if the price drops to R136/share.
Aspen S/R Levels | Fisker's Beast Mode!NYSE:FSR
It is beginning! Fisker's breakout is now in full motion.
Following our Aspen Dynamic S/R Levels, traders were offered 18.72/17.90 as robust support levels.
Our conservative target during this breakout is set to 25.30$ per share.
Trend Break signal for Aspen Group (ASPU)Fundamental analysis
1. The stock is fundamentally cheap
2. Analyst consensus target price: 14,5 (125% upside potential)
3. On-line education platforms are booming
Technical analysis
1. Trend Break
2. Positive crossing of the MACD lines
3. Support of the MA-30
APN - "Buy-Box" BreakoutJSE:APN has been consolidating in a sideways move for 2 months and with this morning's upward move, it has broken out of the "buy-box" very convincingly and we could see a nice upward move up to the previous high resistance from mid June 2020. It could also be seen as a horizontal bull flag pattern emerging.
ASPEN TECHNOLOGY INC- The market broke with power . the line which served as support for the bullish trend . which became resistance after the small correction of
March 9.
- the market is always bullish . But he's starting to lose a bit of his strength. if it ever breaks (135.46) there is a probability that it will go towards
around (149.40).
- But for the moment the probability that it will return to fill the daily gap which is in the approximately of (99.76) is higher