Will Aspen move to the 147-191 box this week?Aspen has been looking quite strongly bullish recently. Still waiting for a close above R150 on the stock
APN trade ideas
APN Aspen - Update - Long Trade Triggered Aspen broke the mentioned 144 level on Thursday to trigger the long trade. On Friday 12 February it managed to close above 144 which validates the bull flag pattern. Targets remain 150 and 154. A close above 150 could see further gains to 165. My strategy will be to bank 25% of the position at 150, 50% at 154 and try and run 25% of the position with a trailing stop into the 160 - 165 range.
APN Aspen - Update - Long Trade Triggered Aspen broke the mentioned 144 level on Thursday to trigger the long trade. On Friday 12 February it managed to close above 144 which validates the bull flag pattern. Targets remain 150 and 154. A close above 150 could see further gains to 165. My strategy will be to bank 25% of the position at 150, 50% at 154 and try and run 25% of the position with a trailing stop into the 160 - 165 range.
Aspen looking to move to a higher boxThe stock has been moving steadily upward moving to higher boxes. At the moment looking good to break the 14750c resistance. Moving to the 14700c - 18600c box from the 10800c - 14700c. I’m waiting for a close above 15000c, then I will add into my position on Aspen.
APN - Aspen Looking GoodAspen looking good but needs to break and close above 144 to target 150 and 154.
Bullish flag on AspenAspen looking good. Nice bullish flag . with opportunity to add as the stock breaks 15000c
$JSEAPN ChartIf Aspen gets above 144-144.50 triggers a buy ,stop remains a close below 140.50 target 152.
Aspen looking very good going into this weekThe stock is looking good at the moment. The stock has been making higher lows. We are within touching distance from the 15000c. I’m looking for a 3% break and a close above 15450c. The 30w EMA just crossed the 60w EMA, that’s a good sign. Partner that with a golden cross on the daily chart.
Aspen Analysis Aspen uptrend still looking positive and approaching R 150 resistance once more. This was the previous trend change which put aspen in a downtrend. The hope is to this time cross this resistance and then the 155 resistance. There is a possibility however theat we may go into a downtrend again maintaining the overall horizontal trend hopefully until earnings report.
Possible down on Aspen?From a purely technical analysis viewpoint, JSE:APN seems to be struggling to break higher at the resistance level around 15000. If it fails to break higher and goes down to below 14000, I will consider entering a short. A break above 15000 might mean a continuation of the up trend. We might need a bit of patience on this one.
Aspen- BUY So the recent news has helped Aspen's share price honor trendline support in a strong way. Momentum has completely shifted upward. I think we can see a lot more upside here. R145.00 target is not unrealistic.
Bullish divergence.Remember the bullish divergence of back between September 2018 and August 2019. It took more than a year to form. Well since the stock bottomed in August 2019 it has been since making higher lows, even during the March 2020 crash saw the stock making a higher low than it did in August the previous year. However, the stock seems to have been struggling to break the 15000c level. I’m looking for 3% close higher at 15450c. My minimum target on the stock is the prior support level of 24000c. To had to the wind at the back the vaccine deal with JnJ will most likely springboard the trade.
checkout the weekly game plan here: villagetrader.co.za
Aspen Pharmacare Holdings LimitedWe looking for more buyers, hopefully with the whole COV situation we will get that
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.
Buy AspenThe stock is In a rising channel. If price should move in the channel you can look to buy. At least I am!
$JSEAPN Aspen Bull flag breakAspen broke what looks like a bull flag around the 12900 level. Possible targets for this flag breakout is 13330 & 14670
JSE:APN Aspen Shallow PullbackAspen has been trading in a downward trend on the weekly timeframe (see post below). After a backup, it has shown signs of strength. After a shallow pullback and some volume returning it could be ready to do the final leg to the overbought line of the downward trend.
