Inv Cup and Handle has been forming on Aspen. The price is >20 and 200 showing that the momentum is down. I am eagerly waiting for a strong break below, before I look at getting into a long holding short (sell trade). My first target will be at R151.06
Symmetrical Triangle was a a text book trade. The previous trend was up. Price broke above the apex 3/4s in and the momentum continued up. We had further indicators of confirmation for upside to come. Price>20 Price>200 Target 1 R206.03 So what now? Well we can expect somewhat a consolidation, and a potential Cup and Handle to form. Then we have the next target...
JSE:APN breakout happened last week. It could be the start of a good thing. Fingers crossed. Manage risk accordingly.
This one is tricky and I'd consider a medium to low probability trade. Aspen has just had a few days worth of bearish candles. Strong selling has clearly taken place. During the time, it's formed an M Formation. The price has broken below the neckline however there are danger signs that it might not work out. 1. 7>21 - Bullish. 2. Price >200 and needs to...
Solid move from JSE:APN , on a 52-week high list, and depending on how you see things, a breakout on a cup-and-handle.
Falling Wedge has formed on Aspen. The price has broken out and looks like it's set to rally. A conservative trader could wait for a retest, or an impulse trader could trigger it now. 7>21>200 -Bullish RSI >50 Target - R194.76 SMC: Sell Side LIquidity Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for...
JSE:APN has been threatening a reversal for over a month with the crossing downwards of the MACD, followed by the stochastic about 10 days ago. Now the 3 and 15 EMA's have finally crossed downwards triggering a short signal. If the trade gets taken, we will aim for a target around the 154 level.
This is a nice setup for a short in one of the leftovers of last year's rally. Pattern is pretty much the same, bit of a squeeze now that the market has been rallying after the top, but weaker than many other names. Now we use this squeeze to get in short following the levels here presented with Red line SL, black entry level (give or take for you), Green line TP 1 & 2. GL
JSE:APN is now above a key MA on the daily timeframe. But, there's that potential overhead resistance. On the watchlist for now. Patience is key, right?
JSE:APN back at the support level, the price is below a decline 200MA. One can only hope that it finds support at this level.
The stochastic, MACD and 3 & 15 EMA's are all signaling a long position. With the price action just after opening this morning, the trade was triggered long and we are in the trade. Looking for a target at around the R176 level.
JSE:APN is showing downward momentum and could be ready for a short position. The stochastic, MACD and EMA's have all crossed downwards. We are looking at a target for this trade at around the 119 support area.
JSE:APN has been consolidating since June, the stock is now at an area of value, at a potential resistance level. Waiting to see if it can break above, it'll be interesting above R165/share.
JSE:APN mini rally following a positive trading statement quickly fizzled. Aspen JSE:APN reporters that EPS will be between 32% - 37%. Audited results are coming this week, the numbers are expected to remain the same. The share is trading below key levels, the stock will need great numbers to push the price up, a promising setup is the price trading above...
Watching 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.
NYSE:FSR It is beginning! Fisker's breakout is now in full motion. Following our Aspen Dynamic S/R Levels, traders were offered 18.72/17.90 as robust support levels. Our conservative target during this breakout is set to 25.30$ per share.