TraderT1307

APN Aspen - Update - Long Trade Triggered

Long
JSE:APN   ASPEN PHARMACARE HLDGS LTD
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.

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