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ASPEN PHARMACARE HLDGS LTDASPEN PHARMACARE HLDGS LTDASPEN PHARMACARE HLDGS LTD

ASPEN PHARMACARE HLDGS LTD

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APN trade ideas

Aspen ($JSEAPN) Accumulation Before UptrendAspen has shown strength against a resistance. The share appears to be in an accumulation phase before moving higher. What we will be watching out for: 1. Price to find a bottom with RSI nearing oversold 2. Price to form a swing low on the daily time frame which is an entry confirmation 3. Price to go above 10 MA on a weekly time frame Stop-loss: Anytime price goes below 30 September low (R130.25) will be a signal to stand back & watch where price action wants to go.
JSE:APNLong
by runyamhere
#APN Aspen Pharmacare looking constructive on the weeklies #jseScanned a couple of stocks on the JSE and it was tough to find many decent setups although Aspen is one that stood out for me on the LONG side. 3 reasons I think this setup is constructive and likely goes higher to at least R200 (1) Weekly price action has been making consecutive higher lows since bottoming out in August 2019. (showing relative strength in comparison to the market which has been moving lower. (2) We are trading above both the 200 week moving average as well as the yearly Pivot. (3) Divergency on RSI where RSI shows higher lows even though price made an equal low on the last move down. I think one can buy this at current levels (approx R146.00), using a stop loss as a weekly close below 132 and a target of approximately R200. From a risk standpoint that's a risk of R14 for a target of potentially R54 which is quite decent. Let's see how we go over the next couple of weeks
JSE:APNLong
by MarcoOlevano
Aspen (APN): Potential Short EntryThe JSE being in an ambiguous phase of cycles, Aspen can be a good proposition to balance out the long positions. The short position is informed on the following: 1. Price went lower than 29 August (pink arrow) 2. The upper trendline is acting as a resistance now confirmed with 3 touches A swing high confirmation is a good entry point with expectation to close the short position closer to the lower trendline, ideally should reach that point at the end of October. A weekly close above the upper trendline is the stop-loss
JSE:APNShort
by runyamhere
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.
JSE:APN
by Trend_Trader_JSE
APNASPEN PHARMACARE (APN, 15772c) | As a medium term trade idea, my last sell as on 29 September 2021, the most recent peak while as a tactical trade, I recommended it as a short/sell last week. I looking at it as a buy/long as the price trades at three confluence levels: (1) trend line extending back to Aug 2019 & March 2020 (2) the April 2021 breakout level & (3) the lower boundary of the channel extending back to the peak of 29 September 2021. I don’t know how the market will open but I am looking at 15720 to HOLD as a pivot. Stop: 14830c. Target: 16800c to 17000c. These are provisional levels.
JSE:APNLong
by techpers