APN Long Continuation or BounceASP flat top Resistance triangle
current market condition leaning to possible breakout
or bounce with correction
wait for breakout
Also possible Double Top Forming
APN trade ideas
$JSE-APNJSE:APN
Broke higher from small consolidation area. More upside is likely.
Targets 10100,10700 and 11200 top of the big range.
APN Long PredictionAPN Close Above 9764 Will create a crossover of the MACD
indicating strong support for the next breakout run up
wait for cross or breakout
ASPEN upswingA bullish engulfing candle pattern formed on JSE:APN friday at a support level. This could mean an upswing is imminent. The stochastic has also recently made an upswing.
APN - Potential move higherWe may derive the following from the Daily APN chart:
1. Price has tested the daily resistance a few times.
2. We will need to wait and see what price does - a close above should push the price higher and fill the gap.
3. Monitor price action and be patient.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
$JSEAPN Aspen to face a fierce test against the 20 week maThe 20 week moving average (wma) has been been a tough nut to crack for Aspen since its rapid decline started back in September 2018. The 20 wma currently sits @ 93.89. If aspen can gain some traction above the 20 wma, see a close above R90.00 on the weekly (above the previous floor), one could see the stock gain some further traction with a first target at the 50wma (+-R118.00) currently. Encouraging is the fact that the RSI has pushed above the 40 resistance level which has also halted any previous advances in the share price.
APN weekly retest and rejection from breakdown levelAPN turning down off resistance at R91.00
RR - 1:1.8
APN Long APN Hit Resistance On upper TR
Daily bounce
Close Above 10105 today as confirmation for breakout
weekly Chart also indicating possible breakout
$JSEAPN Market got this one wrongStill going strong with a target of 10750 looking likely. Daily close below 9000 will trigger a stop loss.
Aspen looking bullish Aspen looking to break through resistance level (previous support). It has also broken above the 50 day MA. Several upside targets could be reached. Share price finding support from results released yesterday evening
APN Long Short term Trade signaledAPN Still in TR has some room Yet to move
Short term Long Support by Bulls
I will nibble some
as usual manage your risk
$JSEAPN - Testing minor overhead resistanceAspen has had a good bounce off its lows, but currently testing minor horizontal resistance. To really get bullish however, Aspen must break larger downtrend.
APN - Tested previous spike lowJSE:APN has recently tested a spike low that it formed in March this year. It first it seemed like it had broken through, but it has since bounced and seems to be on its way up. Stochastic is confirming. If it breaks above yesterday's high, I will consider a long on Monday.
ASPEN (Hourly) Double Bottom Aspen has formed a double botton on the hourly timeframe. Price is also above the 50 sma ! Target on the chart.
$JSEAPN Aspen. Looks like potential upsideAspen looks like it might have bottomed out for now. This could be a buy opportunity with a 8800 price target. Word of warning - Stick to a predefined stop loss in this market. Consider selling if the recent low is taken out.
APN - Triple bottom formingJSE:APN seems to be forming a triple bottom at the bottom of a parallel channel. If it fails to make new lows, we could possibly see a long movement up towards the top of the channel.
