VillageTraderZA

Bullish divergence.

Long
JSE:APN   ASPEN PHARMACARE HLDGS LTD
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: https://villagetrader.co.za/2021/01/17/w...

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