Fundamental analysis 1. The stock is fundamentally cheap 2. Analyst consensus target price: 14,5 (125% upside potential) 3. On-line education platforms are booming Technical analysis 1. Trend Break 2. Positive crossing of the MACD lines 3. Support of the MA-30
JSE: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.
The stock is In a rising channel. If price should move in the channel you can look to buy. At least I am!
JSE:APN is showing great signs of a potential upswing. The stochastic, MACD and Exponential Moving Averages are all confirming this move.
- The market broke with power . the line which served as support for the bullish trend . which became resistance after the small correction of March 9. - the market is always bullish . But he's starting to lose a bit of his strength. if it ever breaks (135.46) there is a probability that it will go towards around (149.40). - But for the moment the probability that...
Aspen looking very promising. Before the great news published today Aspen has had very good steady recovery over the months making this a good stock to hold long term. It’s currently met resistance at R 155 but off the foot of the coved breakthrough there’s a good chance we will have another very positive open tomorrow. If we open at a negative we can expect a...
Since July 2019, it's been forming a Cup and Handle and finally has broken above. Looks good for upside.
JSE:APN has reached quite a significant resistance level which could mean a change in direction to the downside. I will keep an eye on this one to see if it breaks through the resistance and continues upwards. If so, I will enter long. My outlook is bearish, however, and I anticipate that it will fail to break through and turn downwards for a short. As always, I...
The 20 week moving average (wma) has been been a tough nut to crack for Aspen since its rapid decline started back in September 2018. The 20 wma currently sits @ 93.89. If aspen can gain some traction above the 20 wma, see a close above R90.00 on the weekly (above the previous floor), one could see the stock gain some further traction with a first target at the...
JSE:APN has recently tested a spike low that it formed in March this year. It first it seemed like it had broken through, but it has since bounced and seems to be on its way up. Stochastic is confirming. If it breaks above yesterday's high, I will consider a long on Monday.
JSE:APN seems to be forming a triple bottom at the bottom of a parallel channel. If it fails to make new lows, we could possibly see a long movement up towards the top of the channel.
I am expecting a bullish momentum as we complete a correction pattern, before further downside. Targets should be at the top of the flag pattern and position size small, as we are in a downtrend.
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...
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.
I know very little about this firm but as a technical play, this is awesome. It does look like the final leg up but some good money yet to be made.