Bearish Engulfing on ASPENJSE:APN is showing a bearish engulfing candle at a resistance level. This is a top reversal sign - so we can expect it to move down from here.
APN trade ideas
APN small rangeAPN trading in a small range between R192 as support and R202 as resistance. A break and close above R202 will be bullish.
Trade ideas are my own and not financial advice.
AspenAspen coming for a retest of previous support (now resistance).
Will it push through that resistance and the 200dma just above it, to re-establish the uptrend?
Aspen's CupThis is clearly a Cup and Handle pattern completing here, we are in the last staes of the handle formation. The weekly trendline was broken and the handle gave us a good retest. I'm anticipating a bullish run from here going forward.
ASPENAspen the R175 level has to hold for it to recover an move higher to the R220 and the R255 levels
APN - Descending triangle breakoutJSE:APN has broken out of the bottom of a descending triangle and is looking good for a short position.
Aspen, worryingWatching JSE:APN closely, interested in seeing today's close. Will it manage to stay above the 200EMA, or it'll close below it? Not interested in a long position below that level.
ASPEN - Still in the ambush zone- APN has been consolidating within the 0.5-0.618 retracement zone of the last leg up ...
- A break and capture of either 218 (long side) or 202 (short side) will open up another trending move
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
ASPEN Retest Support LevelsAspen price ranging at resistance level could indicate a potential strong buy.
We also have a bullish flag setup which if broken upward(resistance) will confirm a swing buy opportunity.
APN Bouncing on critical ResistanceAPN wedge pattern and critical Resistance
if broken could be a start of a bear market for Aspen
time will Tell. stop loss not a bad strategy to have here.
APN (D)APN is currently at a critical juncture ,the 200ema is acting as a support (must remain that way to be positive).
A falling wedge is also visible
Volumes are High and a breakout above the top pink line could take APN back up to 25000.
Earning are due to be published shortly too.
AG Capital -Storm trading Morning Call 4 February 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
@VillageTraderZA - Hold the 200 day EMA Aspen $APN Hold the 200 day EMA gaps through the R211 support.
I covered this trade on last week's stocks in play. Great Risk Reward trade. With a stop at R200 targeting R275
@VIllageTraderZA Buyers win the tug of warBuyers win the tug of war at the 50 day EMA. I raised my stop loss to 210.73 reducing the risk to -0.93% from -1.19%
Aspen JSELong-Term Investment Idea
Long-Term Investment Idea
Long-Term Investment Idea
Long-Term Investment Idea
AG Capital -Storm trading Morning Call 06 December 2021We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Bullish Engulfing on ASPENJSE:APN has formed a bullish engulfing candle pattern with yesterday's price action. This is a bottom reversal signal and we could potentially see a bit of an upward move from here.
Aspen Pharmacare - R230 Target ExceededAs stated on 11-Nov (see attached): "PROVISIONAL level of interest 20400c to 21200c for a swing buy to re-test near the pivot or back up to the 23000c zone."
Found support exactly at the 0.618% retracement level.
Now trading around R237.70.
May find MODERATE resistance R239-242.
For more insights and real-time ideas (most time frames), get in touch today.
Aspen Pharmacare- Share off sharply since last sell call at 27341 on 29 September, declining by 21% to the last close of 21593c.
- Now trading in 50-61.8% retracement zone.
- PROVISIONAL level of interest 20400c to 21200c for a swing buy to re-test near the pivot or back up to the 23000c zone.
AG Capital -Storm trading Morning Call 25 October 2021We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Aspen Pharmacare: Now Down R30Now down R30 from my recent 'final' sell on 29 September (day of year-to-date peak) at 27341c.
Timeline below, with (recent 'final' sell attached, and all other buys/sell attached to that):
14 April - Long Idea
28 May - Long Idea
16 August- Reduce 40%
10 September - Reduce next 40%
29 September - Reduce remaining 20%
For more real-time insights and trade ideas, get in touch today.
Update #3: APN. Using Strength To TrimNow trading 27341c
A update from my Q2 medium term buy/long idea. Using strength to trim. I will revisit this as a long on a pullback (level to to be determined).
Timeline below, with (all original updates attached):
14 April - Long Idea
28 May - Long Idea
16 August- Reduce 40%
10 September - Reduce next 40%
29 September - Reduce remaining 20%
For more real-time insights and trade ideas, get in touch today.
ASPEN - Goes Parabolic - Aspen has clocked a 108% rise year to date... amazing for this large cap player in our market
