$JSE-APNJSE:APN After big drop it consolidates in down sloping channel. Tested top of the channel late in January. Support at 13800. If it breaks bellow it will probably go and back test bottom of the channel that is currently around 11500/12000 area.by ALSITRADER4
Aspen Pharmacare - Bull Flag Build-UpThe technical setup and trading action for Aspen Pharmacare is signaling that it is willing to make further price advances. Yesterday, we received additional confirmation of this as the share traded in the low R140s before closing the session at 146.20 (+1.18%). The R139 to R141 level has been a fairly strong support zone while the share is also currently making another attempt to regain it's 50-day moving (MA). This MA is starting to stabilize on the downside, signaling a slowdown of the bearish momentum and a potential for a medium bullish move. We also note the formation of a bull flag pattern - where the share is currently breaking to the upside. On an intraday basis we may see the price make small pullbacks toward the 144/143 level however traders should monitor these zones to determine whether there is strong buying support. In addition, the short term 20-day moving average is also being challenged which could add to the short and medium term bull case. On the upside, the targets are R152 and R157 (top of bull flag) while R163 could be reached should the aforementioned levels be eclipsed. On the downside, a stop-loss of R137.70 must be applied. Preferred accumulation levels: R144.30/144.80. JSE:APNLongby LD_Perspectives3
$JSEAPN LONGLooking at a retracement range between the following 2 values: - .618 fib retracement - 1:1 extension of a-b to b-c (C = length of A) Potential long opportunity when those ranges are met.Longby TheDavo904
$JSE-APN hourlyJSE:APN Breaking flat bottom triangle on hourly. Target is gap close around 13500by ALSITRADER6
$JSEAPN Neckline retest after inverted head and shoulders breakNeckline retest after inverted head and shoulders break. Hope it holds. Stick to stop losses if it doesn't.Longby KoosKanmar3
Are ASPEN's Woes Nearly Over?Aspen is a global supplier and manufacturer of branded and generic pharmaceutical products as well as infant nutritionals and consumer healthcare products in selected territories. ASPEN has been under the microscope over the past few years with various negative rumors and investigations driving the share price lower and lower. I believe that we haven't quite seen the bottom yet but that there is a possibility of strength to come soon. Perhaps a take over is what they need? Technicals The corrective structure has seen a break of the 61.8% Fib retracement level and is currently trading below it. I am expecting to see wave 3 end at the 78.6% level. In my opinion, it is likely that there will be a rally from that point onwards and that the structure will break to the upside. A larger retracement than that would indicate serious repercussions for ASPEN and I am certain that they will do everything in their power to avert a further decline in share price.Longby Linton_White6
$JSEAPNJSE:APN Broke falling wedge few days ago as well as sideways consolidation. Back tested breakout point and made solid support at 13700/50 area. So far hourly making big engulfing bar. Trade idea long around this level on bar close (if it stays the same) SL=13600 FT=15700 for RR=2.29 ST=17000 for RR=4.52 by ALSITRADERUpdated 9
Aspen : Bullish price action Aspen had an incredibly difficult 2018, with the stock losing over half of its value in only a few months. The sale of Aspen’s infant milk business (a price below market expectations) together with the elevated debt levels are seen as major catalysts leading to the decline in Aspen’s share price from R 260.00 to below R 130.00. Reviewing the time series, we note signs of positive momentum indicators, this after building a solid base around the R 132.00 / R 135.00 levels. Stock is starting to re-act to most recent broker upgrades and can possibly recover to the R 200.00 - R 220.00 over the medium term. One to watch! Longby Logaro1Updated 4
Nice run by $JSEAPN, but up against some resistance nowThis could the the start of a right shoulder of an inverted head and shoulders with a 16300 price target. I would wait for the neckline break.by KoosKanmar7
$JSEAPNJSE:APN Making falling wedge but after last gap down consolidates in the box. Break of the box can be tradedby ALSITRADER3
APN - Double BottomJSE:APN has formed a bullish harami on a double bottom which means it should be good for a long position.Longby RossLarterUpdated 5
$JSEAPNJSE:APN Making inverted head and shoulders with right shoulder been completed. Last hourly bar is big engulfing bar. Potential long from here with very tight SLLongby ALSITRADERUpdated 5
$JSEAPNJSE:APN Panic sell, high volume, big wick on the bottom. Great place to go long $JSEAPNLongby ALSITRADERUpdated 5
$JSEAPNJSE:APN Making box at hourly chart. Break above will probably bring 5% upside by ALSITRADERUpdated 6
APN @ R170-R180 good long term support levelAPN around R170-180 good long term buying zone. both horizontal and diagonal support confluence around this zoneby T2TWELL3
Flash Note: Aspen Pharmacare (APN)Last week Lester highlighted APN as as "opportunistic buy" after the fall from R290. It looks like R263 to 264 is still a level where buyers have lined up to take advantage of the fall. This is also in line with the 50dma. Once again stay cognizant of the USDZAR. MariusGrobler301 is having a look at this trade for our clients.Longby MarkWeetmanUpdated 2
Aspen heading for resistance (APN)Aspen is approaching the upper band of this sideways channel. This looks like quite strong resistance, so i would be looking to go short up there to again target the lower band.I make entry at around 27500Shortby RobbyP3
Aspen approaching resistanceAspen is approaching the upper band of this sideways channel. This looks like quite strong resistance, so i would be looking to go short up there to again target the lower band... I make entry at around 27500 Shortby RobbyP334