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Pharmacare

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!
JSE:APNShort
by Timonrosso